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Advanced Biofuel Production in Louisiana Sugar Mills: an Application of Real Options Analysis
Darby, Paul M.; Mark, Tyler B.; Detre, Joshua D.; … - Agricultural and Applied Economics Association - AAEA - 2011
In order to more fully study the risks and uncertainty involved in cellulosic ethanol production, we examine a …
Persistent link: https://www.econbiz.de/10009020915
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Economic Growth and Carbon Emission Control -A case study of power industry in China
Zhang, Zhenyu; Schoengold, Karina - Agricultural and Applied Economics Association - AAEA - 2009
Many countries have achieved moderate to dramatic growth during the last few decades, and the world-widely continued economic growth results in increased wealth and deteriorated environment. The relationship between economic growth and environmental quality has received great attention in...
Persistent link: https://www.econbiz.de/10005012645
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Technology uncertainty and learning by doing in the cellulosic biofuel investment
Ye, Fanglin; Paulson, Nicholas; Khanna, Madhu - Agricultural and Applied Economics Association - AAEA - 2014
This study investigates the impacts of technology uncertainties and learning curve on investment decisions in the cellulosic biofuel industry. We find the future success of cellulosic biofuel may depend on the learning by doing effects rather than expected advances in conversion technology. The...
Persistent link: https://www.econbiz.de/10011068865
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When to Quit Under Uncertainty? A real options approach to smoking cessation
Chen, Yu-Fu; Petrie, Dennis - Agricultural and Applied Economics Association - AAEA - 2012
smoker’s uncertainty about the damage that smoking with have on their future utility is likely to make them quit earlier. …
Persistent link: https://www.econbiz.de/10010878988
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When to Quit Under Uncertainty? A real options approach to smoking cessation
Chen, Yu-Fu; Petrie, Dennis - Agricultural and Applied Economics Association - AAEA - 2012
smoker’s uncertainty about the damage that smoking with have on their future utility is likely to make them quit earlier. …
Persistent link: https://www.econbiz.de/10010879001
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When to Get In and Out of Dairy Farming: A Real Option Analysis
Tauer, Loren W. - Agricultural and Applied Economics Association - AAEA - 2006
The Dixit entry/exit real option model was applied to the entry/exit decisions of New York dairy farmers. For the cost structure of a 500-cow farm the entry milk price is $17.52 per hundredweight (cwt.) and the exit milk price is $10.84. For the 50-cow farm cost structure the entry price is...
Persistent link: https://www.econbiz.de/10005804905
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VALUATION OF INTERNATIONAL PATENT RIGHTS FOR AGRICULTURAL BIOTECHNOLOGY: A REAL OPTIONS APPROACH
Nadolnyak, Denis A.; Sheldon, Ian M. - Agricultural and Applied Economics Association - AAEA - 2003
Uncertainty of returns from marketing is an extremely important factor affecting the diffusion of a wide range of …
Persistent link: https://www.econbiz.de/10005805974
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Estimation of a Backward-Bending Investment Demand Function for Agribusiness Firms
Kropp, Jaclyn D.; Power, Gabriel J. - Agricultural and Applied Economics Association - AAEA - 2010
We investigate irreversible investment behavior under uncertainty of payoffs using U.S. firm-level panel data. We … investment opportunities, real option values, uncertainty and profitability. The results indicate the investment demand curve is …
Persistent link: https://www.econbiz.de/10009020341
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Alternative Land Use Policies: Real Options with Costly Reversibility
Song, Feng; Zhao, Jinhua; Swinton, Scott M. - Agricultural and Applied Economics Association - AAEA - 2010
out of it. This is because these subsidies affect the land conversion costs, land return level and uncertainty differently … subsidy encourage land conversion to the energy crop, they also reduce the incentive to retain land in it. Over time, these …
Persistent link: https://www.econbiz.de/10009020349
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Optimal Timing of Farmland Investment - An Experimental Study on Farmers' Decision Behavior -
Maart, Syster Christin; Musshoff, Oliver - Agricultural and Applied Economics Association - AAEA - 2011
Replaced with revised version of paper 5/26/11.
Persistent link: https://www.econbiz.de/10009020949