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	Provedor de dados AgEcon (6) Autor Schade, Christian (6) Musshoff, Oliver (3) Odening, Martin (3) Krause, Kai Oliver (2) Maart, Syster Christin (2) Sandri, Serena (2) Balmann, Alfons (1) Boewe, Sabrina (1) Kellermann, Konrad (1) Larsen, Karin (1) Schroeder, Andreas (1) Mais... Palavra-chave Agricultural Finance (4) Agricultural and Food Policy (4) Experimental Economics (4) Agribusiness (3) Farm Management (3) Institutional and Behavioral Economics (3) Research Methods/ Statistical Methods (3) Disinvestment (2) Financial Economics (2) C91 (1) Consumer/Household Economics (1) Coordination (1) Coordination and Allocation (1) D81 (1) D92 (1) Desinvestition (1) Economic Experiment (1) Equilibrium Selection (1) Exit Behavior (1) Experimentelle Ökonomik (1) Mais... Tipo do documento Conference Paper or Presentation (3) Working or Discussion Paper (3) Ano 2011 (1) 2010 (4) 2009 (1) País United States (6) Idioma Inglês (5) Alemão (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 6 Primeira ... 1 ... Última Closing down the Farm: An Experimental Analysis of Disinvestment Timing AgEcon Maart, Syster Christin; Musshoff, Oliver; Odening, Martin; Schade, Christian. Agrarian structures are often characterized by some kind of economic inertia. It is particularly puzzling why unprofitable farms persist over time instead of being sold. In this paper we analyze the exit decision of farmers using the real options approach. The validity of the real options theory is assessed by means of laboratory experiments. Our results show that real options models are able to predict actual disinvestment decisions better than traditional investment theory. Nevertheless, the observed disinvestment reluctance was even more pronounced as predicted by theory. This finding suggests the inclusion of bounded rationality into normative disinvestment models. Tipo: Conference Paper or Presentation Palavras-chave: Disinvestment; Real Options; Experimental Economics; Agricultural Finance; Farm Management; C91; D81; D92. Ano: 2011 URL: http://purl.umn.edu/114375 Coordination after gains and losses: Is prospect theory’s value function predictive for games? AgEcon Schade, Christian; Schroeder, Andreas; Krause, Kai Oliver. We analyze the effects of prior gain and loss experiences on individuals’ behavior in two coordination games: battle of the sexes and simultaneous market entry. We propose subjectively transformed games that integrate elements of prospect theory, aggregation of prior and subsequent payoffs, and social projection. Mathematical predictions of behavior are derived based on equilibrium selection concepts. Males’ behavior in our experimental studies is largely consistent with our predictions. However, the behavior of many female respondents appears to be rather consistent with interpreting the initial random lottery outcomes used to manipulate prior experiences as a signal for the players’ abilities to compete. This could be related to females’ known uneasiness... Tipo: Working or Discussion Paper Palavras-chave: Prospect Game Theory; Prior Outcomes; Coordination; Equilibrium Selection; Economic Experiment; Agribusiness; Agricultural and Food Policy; Financial Economics; Institutional and Behavioral Economics; Research Methods/ Statistical Methods; Risk and Uncertainty. Ano: 2010 URL: http://purl.umn.edu/59524 ZUM DESINVESTITIONSVERHALTEN LANDWIRTSCHAFTLICHER UNTERNEHMER: ERGEBNISSE EINER EXPERIMENTELLEN UNTERSUCHUNG AgEcon Maart, Syster Christin; Musshoff, Oliver; Odening, Martin; Schade, Christian. B1_3 Tipo: Conference Paper or Presentation Palavras-chave: Desinvestition; Realoptionsansatz; Experimentelle Ökonomik; Agricultural Finance; Farm Management; Financial Economics; Research Methods/ Statistical Methods. Ano: 2010 URL: http://purl.umn.edu/93943 Holding on for too long? An experimental study on inertia in entrepreneurs’ and non-entrepreneurs’ disinvestment choices AgEcon Sandri, Serena; Schade, Christian; Musshoff, Oliver; Odening, Martin. Disinvestment, in the sense of project termination and liquidation of assets including the cession of a venture, is an important realm of entrepreneurial decision-making. This study presents the results of an experimental investigation modeling the choice to disinvest as a dynamic problem of optimal stopping in which the patterns of decisions are analyzed with entrepreneurs and non-entrepreneurs. Our experimental results reject the standard net present value approach as an account of observed behavior. Instead, most individuals seem to understand the value of waiting. Their choices are weakly related to the disinvestment triggers derived from a formal optimal stopping benchmark consistent with real options reasoning. We also observe a pronounced... Tipo: Working or Discussion Paper Palavras-chave: Real-Options; Disinvestment; Exit Behavior; Experimental Economics; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Institutional and Behavioral Economics. Ano: 2010 URL: http://purl.umn.edu/59518 Coordination and allocation on land markets under increasing scale economies and heterogeneous actors - An experimental study AgEcon Balmann, Alfons; Kellermann, Konrad; Larsen, Karin; Sandri, Serena; Schade, Christian. Economies of scale and scope are often not exploited in Western agriculture. A general reason is probably that various types of transaction costs limit coordination among farmers. A more specific explanation is that coordination on land markets or machinery cooperation is difficult to achieve when farmers are heterogeneous as some kind of price differentiation is necessary for a Pareto-superior solution. This paper investigates experimentally such a coordination game with heterogeneous agents using an example inspired by agricultural land markets. The experimental findings suggest that a Pareto-optimal solution may not be found when agents are heterogeneous. The findings provide evidence for market failures and cooperation deficits as reasons for... Tipo: Conference Paper or Presentation Palavras-chave: Land Markets; Coordination and Allocation; Experimental Economics; Agricultural and Food Policy; Farm Management; Land Economics/Use. Ano: 2010 URL: http://purl.umn.edu/61093 Characterizing the female entrepreneur: Comparing behavior in a market entry experiment with other groups of individuals AgEcon Schade, Christian; Boewe, Sabrina; Krause, Kai Oliver. We investigate the strategic decision behavior of female entrepreneurs in a realistic market entry experiment where individuals started with gains or losses experienced prior to the game. We compare the entry behavior of female entrepreneurs to the entry behavior of male entrepreneurs and to the entry behavior of female and male students. We find that female entrepreneurs show entry patterns very similar to that of male entrepreneurs and very different from female students: female entrepreneurs on average over enter markets and do not react to their opponents’ prior experiences much. The same accounts for male entrepreneurs. Furthermore, we find that entrepreneurs in general exhibit significantly higher mean entry probabilities than students, whereby... Tipo: Working or Discussion Paper Palavras-chave: Female Entrepreneurship; Strategic Decision Behavior; Market Entry; Experimental Economics; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Consumer/Household Economics; Institutional and Behavioral Economics; Research Methods/ Statistical Methods. Ano: 2009 URL: http://purl.umn.edu/59520 Registros recuperados: 6 Primeira ... 1 ... Última

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