Using a large-scale discrete choice experiment study, we investigate the support for the plans for a substantial increase in aquaculture production in Norway, including trade-offs between job creation and the detrimental impacts on the marine environment.
2022-10-02 – 'Farmers' risk preferences in eleven European farming systems: A multi-country replication of Bocquého et al. (2014).' forthcoming in Applied Economic Perspectives and Policy
We replicate Geraldine's study of French farmers' risk preferences with 1,430 participants in 11 European farming systems. Our findings support using Cumulative Prospect Theory to describe observed behavior. Our farmers are less loss averse and more susceptible to probability distortion. We explore the heterogeneity between and within samples and discuss challenges in replications of economic experiments with farmers across farming contexts.
We show that while hybrid choice models control for measurement error, dealing with endogeneity requires explicit accounting for in the model. We demonstrate the extent of the bias resulting from measurement error and endogeneity and propose new specifications of a hybrid model that account for different kinds of endogeneity.
We propose a theoretical model of positive and negative externalities associated with outdoor advertising and estimate the value of its reductions in Warsaw (1.7 to 4.1 million EUR per year for free-standing ads and 5.5 – 9.3 million EUR per year for advertising on buildings).
We test the performance of ex-ante (cheap talk) and ex-post (option to modify responses) measures to account for hypothetical and/or strategic bias. The econometric analysis makes use of innovative semi-parametric logit-mixed logit in addition to the state-of-the-art mixed logit model.