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999 _c61677
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022 _a0306-9192
024 8 _ahttps://doi.org/10.1016/j.foodpol.2019.101809
040 _aMX-TxCIM
041 _aeng
100 1 _aWard, P.S.
_910786
245 1 0 _aWhat is the intrinsic value of fertilizer? Experimental value elicitation and decomposition in the hill and terai regions of Nepal
260 _aUnited Kingdom :
_bElsevier,
_c2020.
500 _aPeer review
520 _aWe use Becker-DeGroot-Marshak value elicitation methods to derive the intrinsic value that farmers in Nepal place on fertilizers. Eliciting values under three distinct procurement scenarios, we are able to decompose the total intrinsic value of fertilizer into a willingness-to-pay (WTP) to travel to procure fertilizer, a WTP for assured fertilizer supplies, and a WTP for the productivity benefits of fertilizer. Disaggregating our sample according to location (hills versus terai), we are able to estimate differences in total intrinsic value as well as value components along these geographical dimensions. While farmers in the hills are generally willing to pay more for urea than their counterparts in the terai, the total amount they are willing to pay is, on average, less than the market price for urea. We explore heterogeneity in valuations and discuss the implications of our findings on fertilizer procurement and distribution policies, as well as direct support policies that the Nepal government may consider. While support policies such as subsidies may encourage increased utilization of fertilizers, policies that lower barriers to private sector entry and increase the density of fertilizer retailers could also increase fertilizer utilization.
546 _aText in English
650 7 _2AGROVOC
_95634
_aAgricultural policies
650 7 _aFertilizers
_gAGROVOC
_2
_91111
651 7 _2AGROVOC
_93932
_aNepal
700 1 _910787
_aGupta, S.
700 1 _910788
_aSingh, V.
700 1 _910789
_aOrtega, D.L.
700 1 _aGautam, S.
_8001710013
_gFormerly Socioeconomics Program
_95042
773 0 _tFood Policy
_gv. 90, art. 101809
_dUnited Kingdom : Elsevier, 2020.
_x0306-9192
_w444320
942 _cJA
_n0
_2ddc