In 2007 and 2008 world food markets observed a significant price boom. Crop failures simultaneously occurring in some of the world's major production regions have been quoted as one factor among others for the price boom. Against this background, we analyse the stochasticity of crop yields in...

Die Verbreitung von Technologien zur Biogaserzeugung hängt maßgeblich von deren einzelbetrieblicher Wirtschaftlichkeit ab. Der vorliegende Beitrag bestimmt die technische und die ökonomische Effizienz sowie die Rentabilität von Biogasanlagen auf der Basis empirischer Daten, die aus einer...

It is an undisputed fact that weather risk increases over time due to climate change. However, qualification of this statement with regard to the type of weather risk and geographical location is needed. We investigate the application of novel statistical tools for assessing changes in weather...

This paper analyses the impact of a tradable production quota on firm entry and exit in the agricultural industry. We develop a dynamic stochastic equilibrium framework considering that a release of production capacity by exiting firms affects the investment options for entrants. Firms'...