Sowohl Ernteversicherungen als auch „Wetterderivate“ sind neuartigeRisikomanagementinstrumente, die eine Absicherung gegen Schäden aus nichtkatastrophalenWetterereignissen ermöglichen, in Deutschland aber bisher nicht verbreitet sind. Imvorliegenden Beitrag wird mit Hilfe eines...

Die kumulative Habilitationsschrift setzt sich aus acht Publikationen und zwei eingereichten Artikeln zusammen, die umweltökonomische und energiewirtschaftliche Forschungsthemen behandeln. Der gemeinsame thematische Hintergrund der Einzelbeiträge besteht in der Analyse von...

We examine the impact of individual-specific information processing strategies (IPSs) on the inclusion/exclusion of attributes on the parameter estimates and behavioural outputs of models of discrete choice. Current practice assumes that individuals employ a homogenous IPS with regards to how...

In models with unobserved taste heterogeneity, distributional assumptions can be placed in two ways: (1) by specifying the distribution of coefficients in the utility function and deriving the distribution of willingness to pay (wtp), or (2) by specifying the distribution of wtp and deriving the...

Based on a large-scale survey conducted in 11 large and small eastern cities in 2002, this study employs ordered probit models to estimate the effects of demographic and socio-economic variables on the likelihood of biotech food acceptance in China. This study also employs a dichotomous choice...

In a static setting, willingness to pay for an environmental improvement is equal to compensating variation. However, in a dynamic setting characterized by uncertainty, irreversibility, and the potential for learning, willingness to pay may also contain an option value. In this paper, we...

A random utility approach is used to estimate logit equations which indicate what factors affect the likelihood of consumption of non-GM and GM foods, and, whether or not consumers are willing to pay a premium for non-GM/GM foods. Ceteris paribus as the price difference between non-GM and GM...

Data from a discrete choice experiment is used to investigate the implications offailing to account for attribute processing strategies (APSs). The research was designed to elicit the economic benefits associated with landscape restoration activities that were intended to remediate environmental...

This paper examines the market potential for fresh organic lettuce and water melon with arecently collected data on consumers from Kumasi metropolis of Ghana. Using a doubleboundeddichotomous choice contingent valuation technique, consumer’s willingness topay is estimated with a Tobit model to...