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Adoption of climate change mitigation practices by risk-averse farmers in the Ashanti Region, Ghana

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Title Adoption of climate change mitigation practices by risk-averse farmers in the Ashanti Region, Ghana
 
Creator Pinto, Alex de
Robertson, Richard D.
Obiri BD
 
Subject agriculture
models
risk
farmers
climate
 
Description Uncertainty and risk-aversion are notably absent in the modeling of farmers' adoption of climate change mitigation practices in developing countries even though most of the agricultural mitigation practices also have effects on yield variability. The objective of this paper is to explore the implications for climate change mitigation projects of modeling farmers as risk neutral while in actuality they behave as risk-averse agents. Results indicate that when risk averse farmers are modeled as risk-neutral agents, the size of the incentives needed to induce participation to a carbon sequestration program is miscalculated with serious implications either for the success for projects that aim at compensating for climate change mitigation services or for the economic efficiency of such projects.
 
Date 2013-02-15
2013-01-29T22:23:11Z
2013-01-29T22:23:11Z
 
Type Journal Article
 
Identifier de Pinto A, Robertson RD, Obiri BD. 2013. Adoption of climate change mitigation practices by risk-averse farmers in the Ashanti Region, Ghana. Ecological Economics 86: 47-54.
https://hdl.handle.net/10568/25137
https://doi.org/10.1016/j.ecolecon.2012.11.002
 
Language en
 
Rights Limited Access
 
Source Ecological Economics