Die Zeitpräferenz von Landwirten
Daniel Hermann,
Dörte Rüther and
Oliver Musshoff
Die Unternehmung - Swiss Journal of Business Research and Practice, 2015, vol. 69, issue 4, 396-417
Abstract:
The investigation of entrepreneurs’ time preference is of great political and scientific interest. There are various experimental methods to detect the time preference measured in discount rates. We compare two approaches in application on German farmers. Our results reveal that both methods lead to different discount rates for the farmers taking part in the experiment. Moreover, there is a partial declining discount rate when using higher amounts of money, and we found sensitivities regarding the illustration of the discount rate within the experimental task.
Date: 2015
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DOI: 10.5771/0042-059X-2015-4-396
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Die Unternehmung - Swiss Journal of Business Research and Practice is currently edited by Prof. Dr. Artur Baldauf, Universität Bern, Prof. Dr. Manfred Bruhn, Universität Basel, Prof. Dr. Pascal Gantenbein, Universität Basel (geschäftsführend), Prof. Dr. Markus Gmür, Universität Fribourg, Prof. Dr. Klaus Möller, Universität St. Gallen, Prof. Dr. Günter Müller-Stewens, Universität St. Gallen, Prof. Dr. Dr. h.c. Margit Osterloh, Universität Zürich, Prof. Dr. Dieter Pfaff, Universität Zürich and Prof. Dr. Martin Wallmeier, Universität Fribourg
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