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

stochasticity in relevant parameters. The results show the relevance of uncertainty in determining the timing of adoption and … uncertainty in SFP, the selling price of energy and agricultural product prices parameters on the adoption of methane digester for …

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

This paper investigates the flexibility of the Polish farming sector during a transition period. Flexibility is … considered to be a farm’s ability to change output by sustaining average costs. We argue that flexibility is a crucial factor in … farmers’ competitive advantage, especially under dynamically changing environmental conditions. We propose a flexibility …

constraint in a quota flexibility function in a positive mathematical programming model. This method and central hypothesis … quota flexibility behaviour of the sample of Flemish farms results in an output price elasticity of 0.6%. The quota … flexibility functions can be used for policy analysis, model sophistication and farm advisory instrument. …

under uncertainty. By choosing the level of flexibility, the decision-maker determines the technology of the firm, expressed … technology is an important decision which determines its future performance. Although the concept of a firm’s flexibility is …’ flexibility, especially considering market imperfections and other obstacles associated with the transition process. In this paper …

healthy foods, we examine the role of uncertainty with respect to consumer demand, the relative unit cost of private label vs …

uncertainty about future pay-offs we determine, as solution of an intergenerational dynamic game, the optimal timing of … assumptions of naïve and sophisticated belief about future time-preferences. This results in a bias toward the current generation …

unprofitable farms persist over time instead of being sold. In this paper we analyze the exit decision of farmers using the real …