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, equilibrium modelling of the Turkish agricultural sector, and projections of the future development of the CAP. It is found that … (CAP) to Turkey without taking into account the specific structure of the agricultural sector in Turkey, which would … determine the receipts from EU funds. This paper assesses potential budgetary effects resulting from the application of the CAP …
Persistent link: https://www.econbiz.de/10004979558
In this paper we develop a theoretical model that links dynamic efficiency measurement and optimal investment under uncertainty. It is widely acknowledged that uncertainty has an impact on the optimal factor use of a profit maximizing firm. This is particularly true for the optimal adjustment of...
Persistent link: https://www.econbiz.de/10010879057
In this paper we analyse agricultural land prices in the German Federal State of Brandenburg within the period 2000-2011. Our objective is to understand the price formation process in foreclosures. One effect of foreclosures relates to pressured sales, which likely lead to a price discount, and...
Persistent link: https://www.econbiz.de/10010909990
With regard to agri-environmental schemes under Regulation (EC) No. 1257/1999 in Europe a rather divers uptake as well as a lack of effectiveness and efficiency of these current schemes can be observed. In contrast to most of the related literature, we suggest that the ineffectiveness and...
Persistent link: https://www.econbiz.de/10005338877
Disinvestment, in the sense of project termination and liquidation of assets including the cession of a venture, is an important realm of entrepreneurial decision-making. This study presents the results of an experimental investigation modeling the choice to disinvest as a dynamic problem of...
Persistent link: https://www.econbiz.de/10008595744
This paper uses an agent-based real options approach to analyze whether stronger vertical integration reduces investment reluctance in pork production. A competitive model in which firms identify optimal investment strategies by using genetic algorithms is developed. Two production systems are...
Persistent link: https://www.econbiz.de/10008595745
Economic research on structural change in agriculture has repeatedly induced controversies about basic theoretical concepts, such as rational behaviour and equilibrium, and their analytical and political implications. To contribute to the epistemological dimension of this debate, the article...
Persistent link: https://www.econbiz.de/10008595746
We analyze the effects of prior gain and loss experiences on individuals’ behavior in two coordination games: battle of the sexes and simultaneous market entry. We propose subjectively transformed games that integrate elements of prospect theory, aggregation of prior and subsequent payoffs,...
Persistent link: https://www.econbiz.de/10008595747
This paper explains regionally differentiated patterns of structural change based on a theoretical framework dealing with strategic interaction of farms on the land market. The main research question focuses on the causes of regionally persistent structures. An empirical Markov chain model is...
Persistent link: https://www.econbiz.de/10008595748
Policies for rural areas have become an important but complex policy field in the European Union`s Common Agricultural Policy. The purpose of this paper is to report on a methodological approach pursued to model the allocation of EAFRD (European Agricultural Fund for Rural Development) funds in...
Persistent link: https://www.econbiz.de/10008595749