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Natural Disasters and Agriculture: Individual Risk Preferences towards Flooding AgEcon
Sauer, Johannes.
This study contributes to the understanding of behavioural responses to climate change induced extreme weather events. It suggest a microeconometric method for measuring flooding related risk preferences of affected individuals. The method is outlined using the empirical case of agricultural production in floodplains of the UK over 28 years. A quasi-experimental approach to measure differences in the risk attitudes of farmers located in high flooding risk areas versus farmers located in low flooding risk areas is followed. Changes in flooding risk related behaviour over time is analysed and marginal effects of different individual and disaster related characteristics for this behaviour are investigated. Beside a moments based risk estimation approach the...
Tipo: Conference Paper or Presentation Palavras-chave: Extreme Events; Risk; Agriculture; Natural Experiments; Behavioural Adaptation; Extreme Ereignisse; Risiko; Landwirtschaft; Natürliche Experimente; Verhaltensadaption; Agribusiness; Agricultural and Food Policy; Q12; C54.
Ano: 2011 URL: http://purl.umn.edu/114497
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