The present dissertation is twofold and takes up several issues in two separate and independent articles. In chapter II, the hedging effectiveness of weather index-based insurance with regard to aggregation biases in the underlying risk exposure of aggregated yield time series is presented. The...

The dissertation mainly consists of two articles: INVESTMENTS IN KAZAKHSTANI DAIRY FARMING: A COMPARISON OF THE CLASSICAL INVESTMENT THEORY AND THE REAL OPTIONS APPROACH Abstract This study analyzes the explanatory potential of the real options approach (ROA) regarding the reluctance of...

Traditionell werden ökonomische Experimente im Labor durchgeführt. In der letzten Zeit nimmt die Bedeutung von Extralaborexperimenten zu. Extralaborexperimente sind Experimente, die von der Laborumgebung abweichen. Dazu zählen internetbasierte Experimente. Diese ermöglichen es,...

This thesis contributes to the understanding of the economic decision making of farmers. In five chapters, different experimental investigations of preferences and cognitive biases are presented. Various experimental measures of risk and time preference are applied to analyze farmers’...

Obwohl regelmäßig 50% der Absolventen der Agrar- und Ernährungswissenschaften in Deutschland weiblich sind, wird nur ca. jedes zehnte landwirtschaftliche Unternehmen von einer Frau geleitet. Dies wirft zwei zentrale Fragen auf: Werden qualifizierte Frauen von den derzeitigen...

This study uses household level data collected in Shandong Province of China to study rural formal financial institutions' lending volume decisions, the number of lending approvals, and respondentsattitude towards interest rates on formal loan in China's rural setting. The main body of the...