Over the last decade, it has been shown in the ecology literature that species diversity increases yield stability in managed grasslands. Here, we develop and apply ecological economic and econometric frameworks to evaluate these potential risk-reducing effects of species diversity in terms of...

Risk and risk preferences belong to the key determinants of investment-based technology adoption in agriculture. We develop and apply a novel approach in which an inverse second order stochastic dominance approach is integrated into a stochastic dynamic farm-level model to quantify the effect of...

Landwirte sind bei der Weizenernte mit einem beachtlichen Wetterrisiko in Form von Ernteverlusten konfrontiert. Dem kann mit einer höheren Maschinendichte entgegengewirkt werden, was jedoch zu höheren Maschinenkosten führt. Der vorliegende Tradeoff zwischen Maschinenkosten und Ernterisiken...

The present dissertation is twofold and takes up several issues in two separate and independent articles. In chapter II, the hedging effectiveness of weather index-based insurance with regard to aggregation biases in the underlying risk exposure of aggregated yield time series is presented. The...