The scientific production system is of ultimate importance for the way how humans address global challenges. Recently, scholars have begun to voice concerns about structural inefficiencies within this system, as e.g. the replication crisis, the p-value debate or the identification of various...

Im Pflanzenbau stellt die Bewässerung eine der wirksamsten Maßnahmen dar, um die Ertragsverluste infolge von Trockenheits- und Dürreereignissen zu vermeiden oder zu minimieren. Durch ein begrenztes Wasserdargebot besteht die Herausforderung, die Wasserverfügbarkeit für die Bewässerung zu...

Much of the land economics literature has largely ignored the spatial nature of competition and related differences between farmland rental and sales markets. In this note we propose a model for price formation in both markets under a spatial competition framework. We demonstrate that price...

Numerous studies have tried to provide a better understanding of firm-level investment behaviour using econometric models. The model specification of more recent studies has been based on two main approaches. The first, the real options approach, focuses on irreversibility and uncertainty in...

Low investment rates are a puzzling phenomenon particularly in transition economies with an urgent need for modernisation. The literature offers two alternative explanations: imperfect capital markets and investment reluctance due to real options effects. In this paper, we develop a generalised...