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Die Zeitpräferenz von Landwirten

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  • Hermann, Daniel
  • Rüther, Dörte
  • Mußhoff, Oliver

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.

Suggested Citation

  • Hermann, Daniel & Rüther, Dörte & Mußhoff, Oliver, 2015. "Die Zeitpräferenz von Landwirten," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 69(4), pages 396-417.
    • Handle: RePEc:nms:untern:10.5771/0042-059x-2015-4-396
    DOI: 10.5771/0042-059X-2015-4-396
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