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...

In den letzten etwa 130 Jahren hat die Nachfrage nach Nahrungsmitteln weltweit außerordentlichstark zugenommen. Hierfür gibt es vor allem zwei Gründe. Zum einen ist die Weltbevölkerungin diesem Zeitraum sehr schnell gewachsen. Im Jahr 1900 lebten etwa 1,5Milliarden Menschen auf der Welt. Im...

The management of water resources is today one of the main issues in most countries. In Italy, as in many other European countries, irrigation is the main sector using water and hence it is at the centre of the water policy agenda. Water management for irrigation requires suitable policy tools...

This paper identifies information that may be important in determining the benefits of preventing toxic water contamination (or equivalently cost of nonaction) when a given toxification occurs. It attempts to identify information and behavior issues that need to be considered when we estimate...

This paper outlines DEBET (Decision Based Economic Theory), a method for determining revealed preferences of governments. DEBET is applied to US wheat policy decisions in the 1980s. This method has a number of advantages over alternative approaches to the analysis of revealed preferences of...

Decision based economic theory stresses the central position of the objective function in the behavior of economic agents. Insufficient knowledge of objective functions hampers the development of economic theory. In this article, a methodology for deriving objective functions from conscious...

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...