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...

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...

The papers of the dissertation focus on decision making under uncertainty of farmers in developed and developing countries and apply experimental approaches in order to investigate farmersʾ risk attitude and investment behavior. The first paper experimentally examines the investment and...

In this dissertation I present novel findings that analyze the effects of insurances on the resilience to shocks and household's risk taking behavior. Moreover, the question is raised as to whether there could actually be something good about shocks, as they could trigger processes of social...

The global agri-food system is experiencing a far-reaching transformation process. The consequences for small, asset-poor farmers are a topic of special concern in development oriented agricultural research. One main characteristic of the trend is the increasing importance of food safety and...

I: Palm oil production creates negative externalities, e.g., through intensive fertiliser application. Policies to limit externalities need an effective, sustainable and efficient measure We use a business simulation game in a framed field experiment in Indonesia to test ex ante different...

Strategic management (STM) is recognized as an important element for firms’ success; however, small firms, especially in agribusiness, have widely been overlooked because it is often thought that a systematic STM is exclusively for large corporate firms. Firms engage in STM practices such as...

Aus dem Institut fur Agrar- und Ernahrungswissenschaften (Geschaftsflihrender Direktor: Prof. Dr. Reinhold Jahn) der Naturwissenschaftlichen Fakultat III (Dekan: Prof. Dr. Peter Wycisk) der...