文章基本信息

标题：Time Preference and Technology Adoption: A Single-Choice Experiment with U.S. Farmers
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作者：Duquette, Eric ; Higgins, Nathaniel ; Horowitz, John 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2013
期号：Suppl
出版社：Journal of Agribusiness
摘要：We elicit time-discounting behavior from U.S. farmers that are broadly known to be either late or early adopters of farming best management practices. Using a single-choice experiment, we estimate the mean discount rate for each farmer group and find that late adopters have a mean discount rate that is thirteen percentage points higher than the mean rate of early adopters. We argue through simulations that this difference is likely due to differences in time preference rather than risk aversion.
关键词：Time preference;discount rates;experimental economics;technology adoption;risk preference