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

Item

Title

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

Date

2013

Language

English

Abstract

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.

Bibliographic Citation

Cheke, R. A., Basánez, M. G., Perry, M., White, M. T., Garms, R., Obuobie, E., ... & Wilson, M. D. (2015). Potential effects of warmer worms and vectors on onchocerciasis transmission in West Africa. Philosophical Transactions of the Royal Society B: Biological Sciences, 370(1665), 20130559.

Author

De Pinto, A.; Robertson, R. D.; Obiri, B. D.

Collection

Citation

“Adoption of climate change mitigation practices by risk-averse farmers in the Ashanti Region, Ghana,” CSIRSpace, accessed December 23, 2024, http://cspace.csirgh.com/items/show/348.