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Adaptive investment with land tenure and weather risk: Behavioral evidence from Tanzania

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Title Adaptive investment with land tenure and weather risk: Behavioral evidence from Tanzania
 
Creator Visser, M.
Le Roux, L.
Mulwa, C.K.
Tibesigwa, B.
Bezabih, M.
 
Subject climate change adaptation
land
tenure
risk
 
Description Two important risks faced by many smallholder farmers in Sub-Saharan Africa are erratic weather patterns and insecure land tenure. It is likely these risks will increasingly interact as projections of more erratic weather make small-scale farming more difficult and demand for rural land grows. This paper asks how farmers in Western Tanzania view these compound risks and the influence this has on levels of investment in adaptive agricultural technologies and the demand for land certification in a lab-in-the-field setting. Presenting novel data from a series of framed decision tasks linked to a household survey, this paper explores the relationship between individual risk preferences, adaptive investment and the demand for land certification from a group of 645 rural households in Kigoma, Tanzania. While adaptive investment increases with weather related risk, we find it responds negatively to land tenure risk. Individual risk preferences and past experiences of land disputes play significant roles in adaptive investment. Demand for land certification is high, investment increases significantly after certification, especially for risk-averse individuals.
 
Date 2023-11-24
2023-12-01T20:02:07Z
2023-12-01T20:02:07Z
 
Type Journal Article
 
Identifier Visser, M. Le Roux, L. Mulwa, C.K. Tibesigwa, B. Bezabih, M. 2023. Adaptive investment with land tenure and weather risk: Behavioral evidence from Tanzania. Journal of Economic Behavior & Organization. ISSN 0167-2681. 217. 398-434 p.
0167-2681
https://hdl.handle.net/10568/134918
https://doi.org/10.1016/j.jebo.2023.10.040
 
Language en
 
Rights Copyrighted; all rights reserved
Limited Access
 
Format 398-434
 
Source Journal of Economic Behavior & Organization