After land prices in Germany increased continuously since 2006, policy makers, representatives of farmers' unions, NGOs, and farmers started and continued to discuss or propose new land market regulations to stop price increases and to protect particularly smaller farmers. In this paper we...

The entropic value of the production risk is closely linked to the farmer's aversion to this type of risk. Since risk aversion is difficult to quantify, it is preferable to use the MaxEnt model as a quantitative benchmark in assessing and covering the production risk through adequate financial...

Stated preference surveys must provide information on the good to be valued, and respondents must process and recall the information. Previous studies show that the type of information can affect stated preferences and the validity of value estimates, but how respondents process this information...