Skip Navigation



European Review of Agricultural Economics Advance Access published online on December 21, 2006
European Review of Agricultural Economics, doi:10.1093/erae/jbl029
This Article
Right arrow Full Text
Right arrow Full Text (PDF)
Right arrow All Versions of this Article:
33/4/485    most recent
jbl029v1
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Gardebroek, C.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© Oxford University Press and Foundation for the European Review of Agricultural Economics 2006; all rights reserved. For permissions, please email journals.permissions@oxfordjournals.org

Comparing risk attitudes of organic and non-organic farmers with a Bayesian random coefficient model

Cornelis Gardebroek

Agricultural Economics and Rural Policy Group, Wageningen University, The Netherlands

Department of Social Sciences, Agricultural Economics and Rural Policy Group, Wageningen University, Hollandseweg 1, 6706 KN Wageningen, The Netherlands. E-mail: koos.gardebroek{at}wur.nl

Received June 2004; Revision received October 2006. Organic farming is usually considered to be more risky than conventional farming, but the risk aversion of organic farmers compared with that of conventional farmers has not been studied. Using a non-structural approach to risk estimation, a Bayesian random coefficient model is used to obtain individual Arrow–Pratt coefficients of absolute risk aversion for a sample of Dutch organic and non-organic arable farmers. The model is estimated using Gibbs sampling. The results indicate that organic farmers are significantly less risk averse than their non-organic colleagues.

Keywords: risk aversion, Bayesian random coefficient model, Gibbs sampling, organic farming


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?


This article has been cited by other articles:


Home page
 EUR REV AGRIC ECONHome page
E. Feinerman and C. Gardebroek
Stimulating organic farming via publicly provided services and an auction-based subsidy
Eur. Rev. Agric. Econ., July 7, 2007; (2007) jbm020v1.
[Abstract] [Full Text] [PDF]


Disclaimer: Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.