Positive WTP (Dep. Var. in probit analysis)
|
1 if WTP > 0, and 0 otherwise (1 for a yes answer to the starting bid offered in the DC question, and 0 otherwise)
| |
0.88
|
0.32
|
Willingness to pay (Dep. Var. in the OLS estimation)
|
Maximum WTP in FCFA monthly
(i.e., households maximum WTP amounts elicited in the OE follow-up elicitation question)
| |
6364.2
|
6885.0
|
Starting_bid
|
The initial bid amount offered to the respondent in the DC question and ranged between 2538 CFA ($5.1) and 17,500 CFA ($47.0)
|
−
|
6409.6
|
6010.7
|
Age
|
Age of respondent (years, most recent birthday).
|
±
|
46.6
|
14.1
|
Access_credit
|
Indicating whether or not an individual has access to formal credit facilities (1 = access, 0 otherwise)
|
+
|
0.11*
| |
Access_irrigation
|
Indicating whether or not an individual makes frequent use of supplementary irrigation technique (1 = make frequent use, 0 otherwise)
|
±
|
0.43*
| |
Confidence
|
Indicating whether or not an individual has confidence in microfinance institutions designated as fund manager for the Scheme (1 = confident, 0 otherwise)
|
+
|
0.77*
| |
Cost_estimate
|
Annual cost of crops damage to
household during the last 12 months (in CFA per Hectare)
|
+
|
194,832.3
|
311,592.6
|
Crop_diversity
|
Indicating whether or not an individual engages in crop diversity as an adaptation strategy to climate risk (1 = engages, and 0 otherwise)
|
±
|
0.63*
| |
Education
|
Number of years of schooling
|
+
|
2.6
|
3.7
|
Farm_activities
|
Work on farm activities or not
(1 = work, 0 otherwise)
|
+
|
0.98*
| |
Farming_experience
|
Number of years of farming experience
|
+
|
31.1
|
15.1
|
Farm_size
|
Household farm size (in hectares)
|
+
|
1.6
|
1.5
|
Gender
|
1 if male, and 0 otherwise
|
±
|
0.92*
| |
Household_income
|
Sum of household income from farm and nonfarm activities (last 12 months in CFA)
|
+
|
163,552.9
|
159,764.8
|
Household_size
|
All members living and feeding commonly from same source
|
+
|
11.6
|
10.4
|
Knowledgeable_risk
|
Indicating whether or not an individual has basic knowledge about climate change risks to agriculture (1 = aware, 0 otherwise)
|
+
|
0.87*
| |
Knowledgeable_insurance
|
Indicating whether or not an individual is knowledgeable about crop insurance in general (1 = knowledgeable, 0 otherwise)
|
+
|
0.32*
| |
Social_capital
|
Whether or not an individual received support from friends, relatives, or through group membership to cope with climate risks in the last 12 months prior to survey (1 = received, and 0 otherwise).
|
±
|
0.39*
| |