期刊
WORLD DEVELOPMENT PERSPECTIVES
卷 15, 期 -, 页码 -出版社
ELSEVIER
DOI: 10.1016/j.wdp.2019.100132
关键词
Equality constrained latent class model; Attribute non-attendance; Discrete choice experiment; Insurance; Drought-tolerant rice; Bangladesh
资金
- United States Agency for International Development (USAID)
- Bill and Melinda Gates Foundation
- International Food Policy Research Institute
- CGIAR Collaborative Research Program on Policies, Institutions, and Markets
We use stated preference data to study farmers' preferences for two alternative strategies to manage drought risks in Bangladesh. A choice experiment on drought tolerant rice varieties and weather index insurance was administered to 2306 farmers. Two overarching preference classes or meso-groups were identified using an equality constrained latent class model, each containing various patterns of attribute non-attendance. Our analysis finds that farmers rely on information processing strategies to simplify risk management tool decisions to mitigate drought risk. Differences in the use of farm inputs, and access to savings mechanisms, both formal and informal, are shown to affect decision making.
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