Article
Agriculture, Multidisciplinary
Hai-xia Wu, Yan Song, Le-Shan Yu, Yan Ge
Summary: Based on a field experiment using the microdata of 705 wheat farmers in the Loess Plateau, this study empirically investigates the impact of uncertainty on farmers' adoption of innovative seeds. The findings show that farmers tend to avoid ambiguity and risk. Higher levels of ambiguity aversion and risk aversion are associated with lower likelihood of adopting innovative wheat seeds, with risk aversion playing a dominant role. Improving information access helps mitigate the negative influence of ambiguity aversion, while interlinked insurance and credit contracts can alleviate the adverse effect of risk aversion. Heterogeneity analysis reveals that the inhibitory effects of ambiguity aversion and risk aversion on innovative seed adoption are more pronounced among farmers with lower education and household income. The government can establish guarantee mechanisms to help farmers cope with uncertainties and reduce their aversion, thus promoting the adoption of new agricultural technology.
JOURNAL OF INTEGRATIVE AGRICULTURE
(2023)
Article
Agriculture, Multidisciplinary
Hui Mao, Yu-rong Quan, Yong Fu
Summary: This paper investigates the impact of risk preferences on farmers' adoption of low-carbon agricultural technology (LCAT) and finds that both risk aversion and loss aversion significantly inhibit farmers' LCAT adoption. It is also discovered that crop insurance, farm scale, and governmental regulations can alleviate the negative impact of risk aversion and loss aversion on farmers' LCAT adoption.
JOURNAL OF INTEGRATIVE AGRICULTURE
(2023)
Article
Business
Francis Annan, Bikramaditya Datta
Summary: The interaction between informal institutions and formal markets is a key economic question, especially in developing countries. This study examines the demand for an innovative weather insurance product and investigates how informal risk-sharing can act as a barrier or support to the uptake of index-based insurance. The findings provide alternative explanations for empirical puzzles and highlight the potential of combining premium subsidies and informal networks to promote better weather risk protection.
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
(2022)
Article
Agriculture, Multidisciplinary
Shang Yan, Xiong Tao
Summary: The study finds that farmers' assessments on crop insurance can be significantly improved through communication and experience, while providing adequate information about crop price insurance is the most effective way to improve farmers' assessments. Improving farmers' assessments on both crop yield and crop price insurance enhances their adoption willingness.
JOURNAL OF INTEGRATIVE AGRICULTURE
(2021)
Article
Environmental Sciences
Zhenzhen Liu, Zhifeng Gao, Xianhui Geng, Longjiao Wen, Emmanuel Kiprop
Summary: Biological control plays an important role in the production of fresh produce, but its adoption rate is still low. This study analyzes the factors influencing growers' adoption of biological control practices in China's orchard systems, and finds that market environment and risk attitudes are significant factors. Green certification and cooperative marketing are key in promoting the adoption of biological control practices. The findings provide important information for policymakers to formulate strategies for promoting the application and extension of biological control practices among farmers in developing countries like China.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Environmental Sciences
Linfei Li, Yanfen Huang
Summary: Agriculture contributes significantly to global greenhouse gas emissions, and reducing carbon emissions in this sector is crucial for mitigating global warming. This study investigates the impact of farmers' risk perception on the adoption of low-carbon agricultural technology (LCAT) and its productivity effects. The results reveal that farmers with stronger risk perceptions are more likely to adopt LCAT, based on their loss aversion characteristics. Moreover, perceptions of yield, market, and climate risks positively influence LCAT adoption, with market risk perception exerting the strongest effect. Adopting LCAT has significant production and spillover effects, improving the output rate of farmers' operating farmland and neighboring plots.
Article
Management
Tianyu Zhang, Peiwu Dong, Xiangfeng Chen, Yu Gong
Summary: This study constructs a dual-channel supply chain model and considers different blockchain adoption scenarios. It finds that the blockchain adoption strategies of supply chain members depend on costs and demand volatility. When cost-effective and with small to medium demand volatility, both the manufacturer and e-retailer adopting blockchain is more beneficial. When demand volatility is large, it is more advantageous for only the e-retailer to initiate blockchain solutions. When adoption is costly and demand volatility is medium to large, it is more valuable for only the manufacturer to initiate blockchain solutions. These findings provide theoretical and practical guidance for supply chain managers in a dual-channel supply chain.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2023)
Article
Agriculture, Dairy & Animal Science
Oriana Villarroel-Molina, Carmen De-Pablos-Heredero, Cecilio Barba, Jaime Rangel, Anton Garcia
Summary: This research examines the technological adoption patterns of male and female farmers in small commercial farms in the Mexican tropics. Findings show that female farm operators have higher levels of specialization and milk productivity, adopt technologies related to reproductive efficiency, and are capable of building extensive networks.
Article
Green & Sustainable Science & Technology
Lili Yu, Chen Chen, Ziheng Niu, Yang Gao, Haoran Yang, Zihao Xue
Summary: This study measured the degree of risk aversion among vegetable farmers using an experimental economics approach. Results showed that cooperative membership helps promote the adoption of green control techniques among vegetable farmers and alleviates the inhibitory effect of risk aversion on such adoption. (c) 2020 Elsevier Ltd. All rights reserved.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Biodiversity Conservation
Ted Loch-Temzelides
Summary: Livestock insurance allows livestock owners to pool resources to hedge against predator attacks, with benefits depending on the level of risk aversion. Research suggests that such insurance contracts can reduce leopard killings, depending on the degree of risk aversion. Surveys to measure risk aversion among local livestock owners are recommended before implementing insurance policies for conservation goals.
CONSERVATION LETTERS
(2021)
Article
Economics
Subodh Dubey, Ishant Sharma, Sabyasachee Mishra, Oded Cats, Prateek Bansal
Summary: This study proposes a general framework for forecasting the adoption of novel products by developing a new consumer behavior model and integrating it into a population-level agent-based model. Applied to the adoption of autonomous vehicles, the study finds that purchase price and satisfaction have a significant impact on the market share.
TRANSPORTATION RESEARCH PART B-METHODOLOGICAL
(2022)
Article
Management
Andres Fioriti, Allan Hernandez-Chanto
Summary: This study explores the behavior and effects of risk-averse bidders in security design auctions, finding that steeper securities attract more aggressive bidding from risk-averse bidders, resulting in increased allocative efficiency of the auction. Furthermore, the study analyzes the relationship between security design and auction formats.
MANAGEMENT SCIENCE
(2022)
Article
Agricultural Economics & Policy
Khushbu Mishra, Richard A. Gallenstein, Abdoul G. Sam, Mario J. Miranda, Patricia Toledo, Francis Mulangu
Summary: The adoption of advanced agricultural technologies remains low in Sub-Saharan Africa, particularly among poor smallholders. Bundling joint liability loans with index insurance can increase the adoption of fertilizers.
AGRICULTURAL ECONOMICS
(2023)
Article
Development Studies
Hundanol A. Kebede
Summary: Chemical fertilizer adoption is a high-risk and high-return investment for smallholder farmers who rely heavily on rainfall. There is a persistent gap of above 10% in fertilizer adoption between male- and female-headed smallholder farmers in Ethiopia, and this gap increases with the level of risk in the region.
JOURNAL OF DEVELOPMENT STUDIES
(2022)
Article
Business
Haixia Wu, Jianping Li
Summary: This paper explores the impact of risk preference and interlinked credit and insurance contract on peasants' adoption of new technology. The results show that risk preference and interlinked credit and insurance contract have significant effects on the adoption of innovative seeds by peasants, and factors such as education level, land fragmentation, proportion of grain cultivation, provision of meteorological disaster warning services, and distance to financial services also play important roles in peasants' adoption behavior.
JOURNAL OF INNOVATION & KNOWLEDGE
(2023)
Article
Information Science & Library Science
Selina Bruns, Oliver Musshoff, Pascal Stroehlein
Summary: Despite policy interventions, poverty still exists, especially in rural areas of low-income countries that suffer from information asymmetry and market failure. The growth of information and communication technologies (ICTs) in remote areas shows promise in reducing the information barriers faced by the rural poor. However, there is little evidence on the effectiveness of delivery channels. This study investigates the information needs of smallholders and identifies multisensory instructions as the most effective ICT delivery channel.
IFLA JOURNAL-INTERNATIONAL FEDERATION OF LIBRARY ASSOCIATIONS
(2022)
Article
Ecology
Hanna Freudenreich, Oliver Musshoff
Summary: The experience of severe harvest losses is associated with greater risk aversion and stronger overweighting of small probabilities. However, the severity of harvest shocks is not related to loss or ambiguity aversion.
ECOLOGICAL ECONOMICS
(2022)
Article
Environmental Studies
Jana Plogmann, Oliver Musshoff, Martin Odening, Matthias Ritter
Summary: This study examines the relationship between land market concentration and farm size changes using data from Brandenburg, Germany. The findings indicate that although concentration rates did not increase over time, there are spatial differences. For farms that remained active during the study period, there is a negative correlation between farm size and relative growth.
Article
Economics
Selina Bruns, Daniel Hermann, Oliver Musshoff
Summary: This study investigates the inconsistency levels of smallholder farmers from rural Cambodia in the HL-task. The results show that cognitive skills are a significant determinant of inconsistency levels, with a statistically significant explanation for men but not for women. Therefore, researchers should conduct comprehensive pre-tests when using abstract risk-elicitation methods among low numeracy subjects.
JOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS
(2022)
Article
Development Studies
Constantin Johnen, Oliver Musshoff
Summary: Formal digital credit was expected to decrease the gender gap in financial inclusion, but the study reveals that it has actually led to an increase in the gap in Kenya. The gender disparity is largely attributable to socio-economic differences and a lack of heterogeneity in contract terms in the market.
JOURNAL OF INTERNATIONAL DEVELOPMENT
(2023)
Article
Development Studies
Maike Linhoff, Oliver Musshoff, Martin C. Parlasca
Summary: Pastoralists in sub-Saharan Africa are vulnerable to climate change and severe droughts. Research shows that they prefer lower strike levels and transparency in livestock index insurance contracts, and value trust enhancing features.
CLIMATE AND DEVELOPMENT
(2023)
Article
Economics
Sebastian Jobjoernsson, Henning Schaak, Oliver Musshoff, Tim Friede
Summary: This paper discusses the important issue of ensuring sufficient power to reject hypotheses in economic experiments and introduces methods for testing multiple hypotheses simultaneously in adaptive, two-stage designs to improve experiment power. The paper provides a concise overview of relevant theory and demonstrates the method in three different applications, including a simulation study and analysis of previous experiment data sets. Simulation results highlight the potential for reducing sample sizes while maintaining the power to reject at least one hypothesis and controlling the overall Type I error probability.
EXPERIMENTAL ECONOMICS
(2023)
Article
Economics
Marius Michels, Hao Luo, Paul Johann Weller Von Ahlefeld, Oliver Musshoff
Summary: This study investigates how nudges can improve compliance with a 14-day pre-harvest interval rule in apple production. The findings show that nudging has a preventive effect and reduces non-compliance behavior in a virtual apple farm management game. The results are of interest to policy makers and contribute to the field of (experimental) economics and nudging. Overall, the importance of this study is rated 8 out of 10.
JOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS
(2023)
Article
Agricultural Economics & Policy
Christoph Duden, Oliver Musshoff, Frank Offermann
Summary: It is found that farmers' willingness to pay for risk mitigation is influenced by simplified decision rules, such as the imitation heuristic, shock experience heuristic, and threshold of concern heuristic. Farmers tend to imitate successful risk-loving farmers and assign less weight to low-probability shocks. Lack of personal experience with low-probability events and considering them to be rare leads to lower willingness to pay. Understanding these heuristic preferences can aid in designing better risk management instruments and policies.
AGRICULTURAL ECONOMICS
(2023)
Article
Agricultural Economics & Policy
Henning Schaak, Luise Meissner, Oliver Musshoff
Summary: This study examines the nonlinear effect of parcel sizes on farmland prices by replicating Ritter et al.'s research in four different ways. The study contributes to the literature by providing insights into regional differences in farmland price structure and the role of assumptions regarding the functional form for the size-price relationship. The extended replication results reveal variations in the size-price relationship across federal states and highlight the significance of assumptions on functional forms in hedonic regression studies.
APPLIED ECONOMIC PERSPECTIVES AND POLICY
(2023)
Article
Development Studies
Yaw Sarfo, Oliver Musshoff, Ron Weber
Summary: This study examines the relationship between financial literacy and farmers' awareness of digital credit in rural Madagascar. The researchers measured farmers' financial literacy through questions related to numeracy, interest compounding, inflation, and risk diversification. The findings demonstrate that financial literacy positively and significantly affects farmers' awareness of digital credit. The study highlights the importance of financial literacy in increasing farmers' awareness of digital credit in rural areas of Madagascar and supports the widely acknowledged view that financial literacy is crucial for individuals' awareness of financial products.
JOURNAL OF INTERNATIONAL DEVELOPMENT
(2023)
Article
Agricultural Economics & Policy
Eike Florenz Nordmeyer, Oliver Musshoff
Summary: The purpose of this study is to investigate farmers' perceived usefulness of satellite-based index insurance. The results show that German farmers generally perceive satellite-based index insurance as useful. Higher education levels, higher trust in index insurance products, and higher relative weather-related income losses increase farmers' perceived usefulness.
AGRICULTURAL FINANCE REVIEW
(2023)
Article
Environmental Sciences
Eike Florenz Nordmeyer, Oliver Musshoff
Summary: This study surveyed and analyzed the intention of German farmers to adopt drought insurance, finding that factors such as gender, risk attitude, land tenure, previous weather risk impacts, and trust in index insurance products have a significant impact on farmers' intention. The results are important for policymakers, insurers, and researchers focusing on farmer adaptation to climate change.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2023)
Review
Green & Sustainable Science & Technology
Heinrich Petri, Dienda Hendrawan, Tobias Bahr, Oliver Musshoff, Meike Wollni, Rosyani Asnawi, Heiko Faust
Summary: Three decades after establishment, smallholder oil palm plantations need replanting to redesign plantations, boost farm productivity, and secure livelihoods. However, replanting requires knowledge, inputs, and financing, and postponement or slow action can worsen socioeconomic and environmental challenges. Access to inputs, finances, and knowledge are paramount challenges that affect smallholders' decisions on when, how, and what to replant.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Agricultural Economics & Policy
Annkathrin Wahbi, Yaw Sarfo, Oliver Musshoff
Summary: This article examines the preferences of rural women in Sub-Saharan Africa for digital and conventional credit. The findings show that female respondents have a higher demand for credit than males, but there are no significant differences in willingness to pay for credit attributes. Therefore, designing gender-specific services may not be advisable.
AGRICULTURAL FINANCE REVIEW
(2023)