The development of Hungarian agricultural business economics and management used to evolve in accordance with international leaders of the sector. On the other hand, a paradox situation has emerged in Hungary in the last two decades, in which such knowledge is only partially applied as a...

The inaccuracy of the Black-Scholes formula arises from two aspects: the formula is for European options while most real option contracts are American; the formula is based on the assumption that underlying asset prices follow a lognormal distribution while in the real world asset prices cannot...

This research evaluates whether or not hedging strategies using call options on the New York Board of Trade cotton futures can be effectively used to protect the new counter-cyclical payment on cotton. Results indicate that some level of counter-cyclical payment hedging is optimal for risk...

Weather conditions pose unique risks to dairy producers. Weather derivatives represent a potentially promising approach to augment dairy producers' risk management against adverse weather events. This study examines the effect of basis risk in weather derivatives, and whether the existence of...

A funkcionális élelmiszerek (friss és feldolgozott) hozzáadott értéket jelentenek a fogyasztók és a termelők részére egyaránt. A funkcionális élelmiszerek értékesítésének üteme a világban és az újonnan megjelenő piacokon – köztük Magyarországon – meghaladja az...

Getting a new product adopted - even if it has obvious advantages - is difficult. Many innovations require a long period from the time they become available to the time they are widely adopted. This study was conducted to determine some characteristics of new product diffusion processes in...

Key point of the survey is represented by the fact that Hungarian agricultural products had to face turbulent market conditions, heavy concurrency and sharp import competition in the European Union. A possible way of keeping or strengthening market positions is to acquaint the values of native,...

As a consequence of the great economic and scientific development in the 2nd half of the 20th century the life expectancy was continuously increasing. The importance of the ageing but still active social group became stronger (and is getting ever stronger) on several areas of social and economic...

Some of the at home and outdoor meals in the luxury goods category can be grouped into the experience products like the meals with truffle. The truffle consuming behaviour is strongly related to the prestige (hedonist, snobbish, imitator and ostentatious) consuming motivations. We have analysed...