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Network resilience and risk attitudes: Evidence from Vietnamese Vegetable Farming

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  • Luong, Tuan

Abstract

We explore the relationship between risk aversion, loss aversion, and procrastination and the resilience of trading networks in small scale rural farming in Vietnam. Rural farmers are highly dependent on intermediary traders to bring products to market. We survey farming households in three villages to obtain data on the trading network. We find that each village has a very distinctive trading network but none of them are resilient, with the typical farmer relying on one or two traders with whom they have traded for many years. In one village, with the most resilient network, we find evidence that risk aversion and loss aversion is associated with a household engaging with, respectively, more and less traders. In a separate village, the one with the fewest number of traders, we find a positive relationship between procrastination and the number of trading links.

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  • Luong, Tuan, 2023. "Network resilience and risk attitudes: Evidence from Vietnamese Vegetable Farming," 97th Annual Conference, March 27-29, 2023, Warwick University, Coventry, UK 334556, Agricultural Economics Society - AES.
    • Handle: RePEc:ags:aesc23:334556
    DOI: 10.22004/ag.econ.334556
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    Keywords

    Risk and Uncertainty; International Relations/Trade;

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