The entropic value of the production risk is closely linked to the farmer's aversion to this type of risk. Since risk aversion is difficult to quantify, it is preferable to use the MaxEnt model as a quantitative benchmark in assessing and covering the production risk through adequate financial...

The Common Agricultural Policy is the basis for ensuring food security, the sustainable use of natural resources and the balanced development of rural areas in the Member States of the European Union. The three paths of the CAP through which these objectives are achieved are: direct payments,...

Agriculture is a risky and often expensive activity, where due to unpredictable weather conditions, crops may suffer and implicitly farm yields and incomes that may be significantly affected. The paper presents the main sources of subsidies used in agriculture, as well as the role they played in...

International immigration affects the degree of cultural diversity present in a labour force. This paper focuses on the consequences of immigration with respect to the level of cultural diversity by estimating employment functions for individual establishments. The theory behind the empirical...