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Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso

Author

Listed:
  • Tristan Le Cotty
  • Elodie Maître d’Hôtel
  • Raphael Soubeyran
  • Julie Subervie

Abstract

This paper investigates whether Burkinabe maize farmers’ fertiliser-use decisions are correlated with their risk and time preferences. We conducted a survey and a series of hypothetical experiments on a sample of 1500 farmers. We find that more patient farmers do use more fertiliser, but it is only because they plant more maize (a fertiliser-intensive crop) rather than because they use more fertiliser per hectare of maize planted. Conversely, we find no statistically significant link between risk aversion and fertiliser use. We use a simple two-period model, which suggests that risk aversion may indeed have an ambiguous effect on fertiliser use.

Suggested Citation

  • Tristan Le Cotty & Elodie Maître d’Hôtel & Raphael Soubeyran & Julie Subervie, 2018. "Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso," Journal of Development Studies, Taylor & Francis Journals, vol. 54(11), pages 1991-2006, November.
    • Handle: RePEc:taf:jdevst:v:54:y:2018:i:11:p:1991-2006
    DOI: 10.1080/00220388.2017.1344645
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    Cited by:

    1. Bougherara, Douadia & Nauges, Céline, 2018. "How laboratory experiments could help disentangle the influences of production risk and risk preferences on input decisions," TSE Working Papers 18-903, Toulouse School of Economics (TSE).
    2. Mostafavi-Dehzooei, Mohammad H. & Heshmatpour, Masoumeh, 2024. "Cash Transfers, Time Discounting, and Agricultural Inputs Utilization in Lesotho," World Development, Elsevier, vol. 184(C).
    3. Mulazzani, Luca & Piras, Simone & Giordano, Claudia & Alemayehu, Atsede Ghidey & Barlagne, Carla & Chebil, Ali & Thabet, Chokri & Khamassi, Faten & Mugisha, Johnny & Kisakye, Josephine & Chimoita, Eva, 2025. "Membership in farmers’ organizations and intention to innovate: A mixed random utility and behavioral approach," World Development, Elsevier, vol. 196(C).
    4. Camille Tevenart & Marielle Brunette, 2021. "Role of Farmers’ Risk and Ambiguity Preferences on Fertilization Decisions: An Experiment," Sustainability, MDPI, vol. 13(17), pages 1-27, August.
    5. Cynthia Nneka Olumba & Guy Garrod & Francisco Jose Areal, 2024. "Time Preferences, Land Tenure Security, and the Adoption of Sustainable Land Management Practices in Southeast Nigeria," Sustainability, MDPI, vol. 16(5), pages 1-22, February.
    6. Céline Nauges & Douadia Bougherara & Estelle Koussoubé, 2021. "Fertilizer use and risk: New evidence from Sub-Saharan Africa," Working Papers hal-04972041, HAL.
    7. Bonan, Jacopo & LeMay-Boucher, Philippe & Scott, Douglas, 2022. "Can hypothetical measures of time preference predict actual and incentivised behaviour? Evidence from Senegal," World Development, Elsevier, vol. 159(C).
    8. Ambali, Omotuyole I. & Areal, Francisco J. & Georgantzis, Nikolaos & Oyetunde-Usman, Zainab, 2021. "Examining the Role of Spatially-Dependent Time Preference in Improved Rice Technology Adoption Decisions," 2021 Conference, August 17-31, 2021, Virtual 315286, International Association of Agricultural Economists.
    9. Nicolas Gravel & Brice Magdalou & Patrick Moyes, 2017. "Hammond’s Equity Principle and the Measurement of Ordinal Inequalities," Working Papers halshs-01430838, HAL.

    More about this item

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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