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...

In den letzten Jahren hat sich die Bioenergieproduktion rasant entwickelt, so dass man mittlerweil von einem "Bioenergieboom" sprechen kann (WBGU 2008:1). Maßgeblich unterstützt wurde dieser Trend hierzulande durch die starke politische Förderung von Bioenergie sowohl von Seiten der...

Economists use partial and general equilibrium trade simulation models toestimate the impact of changes in domestic policies and international trade rules.During the WTO Doha Development Agenda (DDA) negotiations economists haveproduced many different estimates of the gains that would result...

[...]In this paper we attempt to contribute to such an improved mapping by analyzing the nutritional status of a representative sample of households in Syria. According to the preliminary results of this analysis, average levels of nutrient intake are relatively high in Syria, indicating a...