Linking to a growing literature in behavioral economics, this study combines neuroscience, psychology, and behavioral economics to empirically analyze the extent to which academic achievement, the relative weight of rationality vs. fairness in decision-making, and life satisfaction are affected...

The paper aims at modelling adoption and diffusion decisions of farmers towards genetically modified crops under a real option framework. Modern GM crops help farmers to resolve two main sources of uncertainty: output uncertainty and input uncertainty. Those crops represent a revolutionary form...

The paper illustrates a theoretical model of real option value applied to the problem of land development. Making use of the 1998-2001 Kyrgyz Household Budget Survey, we show that when the hypothesis of decreasing return to scale holds, the relation between the threshold value of revenue per...

The consumer behaviour and their preferences in purchasing of food products in Slovenia are analysed. The empirical analysis is based on in-depth survey evidence. It analyses the consumer behaviour regarding socio-economic and demographic factors. The summary statistics show that the consumers...

This paper presents development of a model for arrangement of indirect costs in wine production with an aim to gain better information for decision making. Wine producing companies face with constantly growing share of indirect costs in comparison to all other costs. Consequently the importance...

The research studies structural changes in agriculture in the Škofja Loka region based on an empirical analysis of income diversification in a sample of agricultural households (AHs) in 2001 and 2006. The analysis was conducted from three points of view: for the entire sample of AHs, according...