Luong, Quoc; Tauer, Loren W. - Charles H. Dyson School of Applied Economics and … - 2004
Vietnam grew from an insignificant to the world’s second largest coffee producer during the 1990s. To understand this … growth, this paper examines Vietnamese coffee growers’ investment decisions using real options theory. The study finds that … producers, with variable costs of 19 cents/lb and total cost of 29.3 cents/lb, would enter coffee production at a coffee price …