The effect of ambiguous risk, and coordination on farmers' adaptation to climate change - A framed field experiment
(2011) In Ecological Economics 70(12). p.2317-2326- Abstract
- The risk of losses of income and productive means due to adverse weather can differ significantly among farmers sharing a productive landscape, and is of course hard to estimate, or even "guesstimate" empirically. Moreover, the costs associated with investments in reduced vulnerability to climatic events are likely to exhibit economies of scope. We explore the implications of these characteristics on farmer's decisions to adapt to climate change using a framed field experiment applied to coffee farmers in Costa Rica. As expected, we find high levels of risk aversion, but even using that as a baseline, we further find that farmers behave even more cautiously when the setting is characterized by unknown or ambiguous risk (i.e. poor or... (More)
- The risk of losses of income and productive means due to adverse weather can differ significantly among farmers sharing a productive landscape, and is of course hard to estimate, or even "guesstimate" empirically. Moreover, the costs associated with investments in reduced vulnerability to climatic events are likely to exhibit economies of scope. We explore the implications of these characteristics on farmer's decisions to adapt to climate change using a framed field experiment applied to coffee farmers in Costa Rica. As expected, we find high levels of risk aversion, but even using that as a baseline, we further find that farmers behave even more cautiously when the setting is characterized by unknown or ambiguous risk (i.e. poor or non-reliable risk information). Secondly, we find that farmers, to a large extent, coordinated their decisions to secure a lower adaptation cost, and that communication among farmers strongly facilitated coordination. (C) 2011 Elsevier B.V. All rights reserved. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/4448533
- author
- Alpizar, F ; Carlsson, F and Naranjo, MA
- publishing date
- 2011
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Risk, Ambiguity, Technology adoption, Climate change, Field experiment
- in
- Ecological Economics
- volume
- 70
- issue
- 12
- pages
- 2317 - 2326
- publisher
- Elsevier
- external identifiers
-
- scopus:80053334821
- ISSN
- 0921-8009
- DOI
- 10.1016/j.ecolecon.2011.07.004
- language
- English
- LU publication?
- no
- id
- 00840e48-29f2-49c9-94de-639743389565 (old id 4448533)
- date added to LUP
- 2016-04-01 13:11:55
- date last changed
- 2022-03-29 06:07:30
@article{00840e48-29f2-49c9-94de-639743389565,
abstract = {{The risk of losses of income and productive means due to adverse weather can differ significantly among farmers sharing a productive landscape, and is of course hard to estimate, or even "guesstimate" empirically. Moreover, the costs associated with investments in reduced vulnerability to climatic events are likely to exhibit economies of scope. We explore the implications of these characteristics on farmer's decisions to adapt to climate change using a framed field experiment applied to coffee farmers in Costa Rica. As expected, we find high levels of risk aversion, but even using that as a baseline, we further find that farmers behave even more cautiously when the setting is characterized by unknown or ambiguous risk (i.e. poor or non-reliable risk information). Secondly, we find that farmers, to a large extent, coordinated their decisions to secure a lower adaptation cost, and that communication among farmers strongly facilitated coordination. (C) 2011 Elsevier B.V. All rights reserved.}},
author = {{Alpizar, F and Carlsson, F and Naranjo, MA}},
issn = {{0921-8009}},
keywords = {{Risk; Ambiguity; Technology adoption; Climate change; Field experiment}},
language = {{eng}},
number = {{12}},
pages = {{2317--2326}},
publisher = {{Elsevier}},
series = {{Ecological Economics}},
title = {{The effect of ambiguous risk, and coordination on farmers' adaptation to climate change - A framed field experiment}},
url = {{http://dx.doi.org/10.1016/j.ecolecon.2011.07.004}},
doi = {{10.1016/j.ecolecon.2011.07.004}},
volume = {{70}},
year = {{2011}},
}