Eastern Germany is often hit by drought causing income risk for crop farmers. Index-based risk management instruments could help crop farmers to reduce their farm income risk. Such instruments have some important advantages over damage-based insurance, like e.g. less moral hazard and adverse...

Purpose: The purpose of this paper is to check which role-bounded rationality might play as an explanation for farmers’ missing willingness to adopt weather index insurance (WII). WII is an innovative risk management instrument that causes low administration and regulation costs. Moreover,...

Zusammenfassung Der p -Wert wird vielfach als Goldstandard für Inferenzschlüsse angesehen. Zur Validierung statistischer Zusammenhänge hat sich die Konvention herausgebildet, möglichst geringe p -Werte einzufordern und bei Werten unterhalb gewisser Schwellen (z. B. 0,05) von statistisch...