Green Subsidies in Agriculture: Estimating the Adoption Costs of Conservation Tillage from Observed Behavior (Revised)
By Catherine L. Kling, L. Kurkalova, Jinhuan Zhao. 2006
172 citations recorded by the source corpus.
Because of payoff uncertainties combined with risk aversion and/or real options, farmers may demand a premium in order to adopt conservation tillage practices, over and above the compensation for the expected profit losses (if any). We propose a method of directly estimating the financial incentives for adopting conservation tillage and distinguishing between the expected payoff and premium of adoption based on observed behavior. We find that the premium may play a significant role in farmers' adoption decisions.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/0ce71ddb1593b8eadd07741ab167297bd835dc75
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
In Finance
Citations in the corpus
- Jointness in production and farmers' willingness to supply non-marketed ecosystem services (2007, background): “Second, aversion to risk may affect farmers' willingness to change to increase provision of socially desirable NMES (Kurkalova et al., 2006).”