We elicit risk preferences and their determinants through a survey and field experiments for cattle farmers in Namibia who are subject to heterogeneous environmental risk. Survey data is complemented with precipitation data simulated by a climate model to analyze the relationship between risk...

Some consumption opportunities, e.g. medical treatments, are both indivisible and only valuable in particular states of nature. The existence of such state-dependent indivisible consumption opportunities influences a person's risk attitudes. In general, people are not risk averse anymore even if...

I revisit the question of which motive underlies insurance demand. I draw on the literature of state-dependent utility and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk transfer, but meeting a conditional need. In this way,...

Medicago Sativa, also known as fodder for animals, has the propriety to increase the content of organic substance from the soil. After the biological, chemical and biochemical research on this plant, there was found an important/significant content of nutritive substances necessary for the human...

The present paper proposes the analysis of the sectors of the national economy from the point of view of production (Gross Domestic Product) but also from the point of view of consumption (average monthly labor costs). This paper is based on the analysis of the statistical data from a...