Uncertainty about the possibility of acquiring land can be rather large in the EU for sectors like dairy farming. Farm … profit-maximizing farmer, facing uncertainty about the possibility of acquiring land, had to choose the optimal mix of … decisions without reference to the uncertainty associated with the possibility of acquiring land. …

timing of choice and the uncertainty in the future about price and decoupled payments. Aggregate policy impact is identified …

uncertainty. Environmental good production contracted by means of agri-environmental agreements is treated as a risk less option … corresponding argi-environmental programme, 2) a lump sum payment matters under uncertainty, 3) the overall impact of the lump sum … goods, and on the level of uncertainty. …

of consumer confidence is presented. Uncertainty regarding the quality of alleged medium quality products provides …

farm investments, mainly as a result of the increased output price volatility, which increases the level of uncertainty …

individuals’ perceptions of and willingness to pay (WTP) for the implementation of a RDP in Cantabria, Spain. Uncertainty in … is made between the open-ended (OE) and the multiple bounded uncertainty (MBU) elicitation formats. According to our …

Fisher's theory is only partially relevant in explaining agent behavior under conditions of risk and uncertainty. Partiality … under conditions of risk and uncertainty. …

The paper presents a theory of policy timing that relies on uncertainty and transaction costs to explain the optimal … timing and length of policy reforms. Delaying reforms resolves some uncertainty by gaining valuable information and saves …

irreversibility and stochasticity in SFP. The results show the relevance of uncertainty in determining the timing of adoption and …