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domestic food prices. Our first result is that export tariffs are strategic complements and that for poor harvests equilibrium … tariffs can explode (shedding some light on recent volatility in world food prices). We also show that the strategic interplay …
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This paper analyses the influencing factors of farmers' use of price hedging instruments (PHIs) based upon a discrete … choice experiment with German grain farmers. A mixed logit model is used to determine whether farmers' choices of PHIs … results show that farmers with a price expectation below the actual price level have a higher preference for using PHIs …
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Purpose – The purpose of this paper is to better depict the features of individual and group behaviors in sequential decisions under the effect of public belief drift. Design/methodology/approach – In this paper, the authors design a two‐shots game which is closer to decisions condition in...
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