Little is known about the actual behavior of farmers who are offered forward contracts for renewable resources. The present survey explores farmers' acceptance of sugar beet supply contracts. We find that the farmers' responses are not in line with forecasts that are based on critical prices...

This thesis contributes to the understanding of the economic decision making of farmers. In five chapters, different experimental investigations of preferences and cognitive biases are presented. Various experimental measures of risk and time preference are applied to analyze farmers’...