The production of bioenergy is considered to be a promising energy source for a sustainable energy mix and it is politically promoted in many countries. With the exception of Brazilian ethanol, bioenergy not competitive to fossil energy sources, and therefore needs to be subsidised. Several...

Empirical studies on farmland rental rates have predominantly concentrated on modelling conditional means using spatial autoregressive models, where a linear functional form between the response and the covariates is usually assumed. However, if it is in fact non-linear, misspecifying the...

Low investment rates are a puzzling phenomenon particularly in transition economies with an urgent need for modernisation. The literature offers two alternative explanations: imperfect capital markets and investment reluctance due to real options effects. In this paper, we develop a generalised...

Die Dynamik im Handel ist untrennbar von dem Einfluss der Politik, der Preise und der Rolle der Händler selbst. Obwohl sich die Handelspolitik exportierenden und importierenden Länder unterscheiden kann, im Allgemeinen wird der inländische Handelssektor unterstützt, was problematisch für...