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| Tubetov, Dulat; Maart, Syster Christin; Musshoff, Oliver. |
| Kazakhstan and Germany have different development levels of the agricultural sector. One of the explanations for this fact might be the different investment behavior of farmers in the two countries. In this study, we experimentally compare the investment behavior of farmers in the two countries in a farmland investment treatment and a coin tossing game investment treatment. In addition, farmers were confronted with the two treatments in a different order. Results demonstrate that German farmers are more reluctant to make investment than Kazakhstani farmers. Moreover, results are independent from the framing of a farmland investment and a coin tossing game investment treatment. Furthermore, the investment behaviors of farmers were contrasted with normative... |
| Tipo: Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2012 |
URL: http://purl.umn.edu/122454 |
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| Maack, Moritz; Maart, Syster Christin; Musshoff, Oliver. |
| In order to stimulate investments, agricultural policies frequently use price floors, which guarantee a price above a certain limit. In some cases, however, a price floor does not have the desired effects. In this study, we experimentally analyse differences in the investment be-haviour with respect to the presence of a price floor and compare the actual investment be-haviour to normative benchmarks of the net present value and the real options approach. Furthermore, we look at treatment order and learning effects. The results show that the price floor has no significant impact on the decision behaviour of participants, whereas the effects of treatment order were statistically significant. Regarding the analysis of policy impacts, the latter result shows... |
| Tipo: Presentation |
Palavras-chave: Price floors; Investment decisions; Real options; Experimental economics.; Demand and Price Analysis; C91; D81; E61.. |
| Ano: 2012 |
URL: http://purl.umn.edu/124328 |
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