The effects of Ugandan farmers’ attitudes toward risk on their decisions about rice production are closely analysed and discussed. A three-step procedure is proposed: 1) farmers’ characteristics determine farmers’ risk attitudes, 2) their risk attitudes influence yield, and...

Der Beitrag geht der Frage nach, wie in ländlichen Räumen ein Grundangebot von Mobilität gewährleistet bzw. hergestellt werden kann. Dazu werden zunächst die Besonderheiten der Mobilität in ländlichen Räumen im Vergleich zu urbanen Gebieten herausgearbeitet sowie aktuelle Trends,...

Rural areas in Central and Eastern Europe are very often associated with a backwardness in terms of income and employment opportunities, a high dependency on agriculture, the outmigration of young, skilled people, a low population density and an insufficient infrastructure. In this paper 3...

Seit Beginn der Transformation haben in den Ländern Mittel- und Osteuropas (MOEL) die interregionalen Disparitäten zugenommen. Insbesondere die Stadt-Land-Gegensätze haben sich verstärkt. Dieser Beitrag zeigt die Entwicklung der Disparitäten auf und diskutiert auf der Basis theoretischer...

Willingness to pay for an environmental improvement is a function of how long it takes to deliver the improvement. To measure the effect of time on benefits, I utilize a discrete choice experiment that includes an attribute for delay until the improvement occurs and simultaneously estimate...

People have a tendency to procrastinate when faced with aversive tasks—but they also procrastinate in relation to beneficial matters whose rewards are instantaneous. If agents value present anticipations of future consumption, revision of consumption plans may be viewed as a benign form of...

Allowing for sign-dependence in discounting substantially improves the description of people’s time preferences. The deviations from constant discounting that we observed were more pronounced for losses than for gains. Our data also suggest that the discount function should be flexible enough...

The aim of this article is to point at main implications stemming from behavioural economics for retirement savings. The author presents main models of choice relevant to the intertemporal choice developed by economical psychologists (prospect theory, hyperbolic discount function, system of...

One main motive behind lengthy prison terms for serious crime is to deter potential offenders from engaging in crime. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals discount future events when balancing the immediate utility...