Article ID Journal Published Year Pages File Type
7394575 World Development 2014 15 Pages PDF
Abstract
Efforts to develop rice cultivars with drought tolerance (DT) traits have resulted in several varieties that demonstrate significant resilience to drought stresses. We employ discrete choice experiments to examine farmers' preferences for DT traits and explore heterogeneity in these preferences using primary data from Bihar, India. Results suggest that farmers value reductions in yield variability offered by DT paddy, but are willing to pay even more for seeds that offer yield advantages under normal conditions. We demonstrate that risk aversion and loss aversion not only significantly influence choice probabilities but also affect the way farmers value different seed attributes.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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