Ocean, N and Howley, P orcid.org/0000-0002-3385-629X (2021) Using choice framing to improve the design of agricultural subsidy schemes. Land Economics, 97 (4). pp. 933-950. ISSN 0023-7639
Abstract
Existing agri-environment schemes have suffered from poor uptake and high burden. This article leverages behavioral economics to test choice framing in three hypothetical policy scenarios. Using a randomized survey experiment on U.K. farmers, we find that changing policy framing based on mental accounting and loss aversion can significantly influence agricultural policy–related decision making. Our findings highlight the following considerations for the design of future policy: (1) whether application costs are integrated into or segregated from a subsidy is important, (2) the labeling of agricultural schemes may affect expenditure allocation, and (3) reference points can affect the evaluation of new scheme alternatives.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Keywords: | Q18 |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 15 Oct 2020 12:36 |
Last Modified: | 08 Mar 2023 14:01 |
Status: | Published |
Publisher: | University of Wisconsin Press |
Identification Number: | 10.3368/le.97.4.041620-0055R1 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:166674 |