The agricultural sectors of Kazakhstan and Germany are at different development levels. One possible explanation for this might be the different investment behavior of farmers. We experimentally analyze whether the investment behavior of farmers is consistent with the normative benchmarks of the...

In emerging markets for high-value food products in developing countries, processing companies search for efficient ways to source raw material of consistent quality. One widely embraced approach is contract farming. But relatively little is known about the appropriate design of contracts,...

The paper presents experimental results connecting the participant’s behaviors in a common-pool resource dilemma, including communication and sanctioning conditions, with the constructs in a selected theory of adult personality systems development including value judgment and moral reasoning.

The paper presents results connecting the participant’s motivations and behaviors in a step-level give some dilemma with the constructs in a selected theory of adult personality systems development including value judgment and moral reasoning.

The difference between hypothetical and real values when evaluating consumers’ preferences (termed ‘hypothetical bias’) has received significant attention in scientific literature, as the outcome of this bias is often an overestimation of willingness to pay (WTP) values. This is the main...

In order to stimulate investments, agricultural policies frequently use price floors, which guarantee a price above a certain limit. In some cases, however, a price floor does not have the desired effects. In this study, we experimentally analyse differences in the investment behaviour with...