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...

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...

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,...

This paper investigates how individuals evaluate delayed outcomes with risky realization times. Under the discounted expected utility (DEU) model, such evaluations depend only on intertemporal preferences. We obtain several testable hypotheses using the DEU model as a benchmark and test these...

Despite Fisher's (1930) psychological intuitions of and the formal treatment given by Yaari (1965, Review of Economic Studies 32, 137), the intertemporal model of choice is mainly a model with certain lifetime. The purpose of this paper is to reconsider this assumption, starting from a very...

Using a unique experimental subject pool, I analyse the behaviour of subjects in a life-cycle consumption experimental task. As in previous experiments, it is clear that different subjects solve the task differently – some having strategies close to the fully optimal and others using...

The literature in psychology and behavioral economics offers abundant instances of anomalies to the rational choice paradigm. One of the most prominent works attempting to reconcile these is Kahneman and Tversky’s Prospect Theory. Its well-known S-shaped value function accounts for some...

We define an intergenerational social welfare function Sigma from |R^|N (the set of all infinite-horizon utility streams) into *|R (the ordered field of hyperreal numbers). The function Sigma is continuous, linear, and increasing, and is well-defined even on unbounded (e.g. exponentially...