Results 51 to 60 of about 179,903 (308)
Why are lotteries valued less? Multiple tests of a direct risk-aversion mechanism
Judgment and Decision Making, 2012 Recent studies have identified the uncertainty effect (UE), whereby risky prospects (e.g., a binary lottery that offers either a $50 or $100 gift certificate) are valued less than their worst possible outcome (a $50 certificate).
George E. Newman, Daniel Mochon
doaj +1 more source
Access to Finance and Innovation in the Canadian Food Processing
Agribusiness, EarlyView.ABSTRACT Innovation is a presumed channel through which finance affects productivity, yet there is limited research testing the relationship between finance and innovation in the food manufacturing sector. The purpose of the paper is to explore the determinants (e.g., financing, R&D, firm size, expenditure on innovation) of the adoption of innovation ...
Getu Hailu, Deepananda Herath
wiley +1 more source
Uncertainty, Crowding Aversion and Tourism Aversion in Tourism Destinations
Tourism Economics, 2016 The author analyses the implications of crowding aversion and tourism aversion for the economic performance of tourism destinations in the case of uncertain tourist inflows. He analytically characterizes all possible scenarios, showing how different the preferences of tourists (towards crowding) and residents (towards tourism) interact and affect the ...
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Past experience of uncertainty affects risk aversion [PDF]
Experimental Economics, 2016 AbstractIn an experiment with more than 500 participants we study how past experience of uncertainty (imperfect knowledge of the state space) affects risk preferences. Participants in our experiment choose between a sure outcome and a lottery in 32 periods. All treatments are exactly identical in periods 17–32 but differ in periods 1–16.
Mengel, Friederike +2 more
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Testing the Marketing Performance of German Wheat Farmers
Agribusiness, EarlyView.ABSTRACT This paper analyses the marketing performance of wheat farmers in Germany. Wheat sales data from 465 individual farms over a 12‐year period are used to test against different market benchmarks. Market benchmarks are constructed by simulating passive trading agents using regional wheat prices.
Franziska Potts, Jens‐Peter Loy
wiley +1 more source
Nepalese forestry professional's attitudes towards risk and uncertainty in adaptation decisions
Trees, Forests and People, 2023 The safeguarding of forests in the face of threats from climate change depends on important forest management decisions. As particularly vulnerable to the effects of climate change, developing countries like Nepal require concentrated efforts to adapt ...
Karuna Karki +2 more
doaj +1 more source
Agribusiness, EarlyView.ABSTRACT Agricultural soils offer great potential for carbon sequestration through humus formation. One way to motivate farmers to build up humus is through humus programs. These are still at an early stage of development, poorly explored, and the number of participating farmers is low. Our aim is to explain the heterogeneity of farmers' willingness to
Julia B. Block +2 more
wiley +1 more source
Does a Specialized Niche Market Vegetable Processor Enjoy Bargaining Power?
Agribusiness, EarlyView.ABSTRACT Agribusiness companies may achieve competitive advantage through specialization within niche markets. One such niche is the fresh‐cut fruit and vegetable market, which has been steadily growing in Germany. This study examines whether the specialization of a German fresh‐cut producer grants it with market power within this niche market.
Nikolas Bublik +3 more
wiley +1 more source
Mathematical Modeling for Risk Averse Firm Facing Loss Averse Customer’s Stochastic Uncertainty [PDF]
Mathematical Problems in Engineering, 2017 To optimize the firm’s profit during a finite planning horizon, a dynamic programming model is used to make joint pricing and inventory replenishment decision assuming that customers are loss averse and the firm is risk averse. We model the loss averse customer’s demand using the multinomial choice model.
Seungbeom Kim, Jinpyo Lee, Minjae Park
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Assessing the Impact of Promotions on Consumer Purchasing Behavior During Crises
Agribusiness, EarlyView.ABSTRACT Understanding how households modify their food expenditure decisions during times of crisis is essential because consumer purchasing behavior frequently changes during these times. This study looks at these behavioral shifts during the COVID‐19 pandemic, concentrating on how price sensitivity and response to sales promotions changed over the ...
Wafa Mehaba, José María Gil
wiley +1 more source