Politicians and farm lobbyists frequently use the argument that agricultural policy is necessaryto safeguard jobs in agriculture. We explore whether this is true by conducting an econometricex-post evaluation of the European Union’s Common Agricultural Policy (CAP) in the threeEast German...

We analyze the effects of prior gain and loss experiences on individuals’ behavior in twocoordination games: battle of the sexes and simultaneous market entry. We proposesubjectively transformed games that integrate elements of prospect theory, aggregation ofprior and subsequent payoffs, and...

Policies for rural areas have become an important but complex policy field in the EuropeanUnion`s Common Agricultural Policy. The purpose of this paper is to report on amethodological approach pursued to model the allocation of EAFRD (European AgriculturalFund for Rural Development) funds in...

Among the family-farms in western Germany, significant regional differences are observable.They exist not only with respect to present farm-structure but also with respect to patterns ofstructural change. In the present paper, the different farm-development-strategies that causethese regional...

This paper explains regionally differentiated patterns of structural change based on a theoreticalframework dealing with strategic interaction of farms on the land market. The main research questionfocuses on the causes of regionally persistent structures. An empirical Markov chain model is...

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...

Economic research on structural change in agriculture has repeatedly induced controversies aboutbasic theoretical concepts, such as rational behaviour and equilibrium, and their analytical andpolitical implications. To contribute to the epistemological dimension of this debate, the article...