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| - Comparing risk attitudes of organic and non-organic farmers with a Bayesian random coefficient model
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| - Summary. 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.
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| - Cornelis Gardebroek
- Comparing risk attitudes of organic and non-organic farmers
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