We investigate the strategic decision behavior of female entrepreneurs in a realistic marketentry 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 maleentrepreneurs and to the...

Disinvestment, in the sense of project termination and liquidation of assets including thecession of a venture, is an important realm of entrepreneurial decision-making. This studypresents the results of an experimental investigation modeling the choice to disinvest as adynamic problem of...

We formally represent the effects of prior gains and losses in a simple dynamic preference calculus based on prospect theory's value function and thoughts adapted from aspiration level theories. We investigate our predictions in questionnaire experiments. Since we document a strong effect of...

We formally represent the effects of prior gains and losses in a simple dynamic preference calculus based on prospect theory s value function and thoughts adapted from aspiration level theories. We investigate our predictions in questionnaire experiments. Since we document a strong effect of...

After an extended process of reform the European Union has introduced direct payments tofarmers which are decoupled from production decisions as a central element of its CommonAgricultural Policy. They are also referred to as Single Farm Payments. In this paper weanalyze the production and trade...

This paper has benefited greatly from a discussion of an earlier version with the participantsof the first Humboldt Forum for Food and Agriculture in Davos, Switzerland in March 2009.Research has been made possible in part by a research grant from BASF SE – The ChemicalCompany. The first two...