Musshoff, Oliver; Odening, Martin; Schade, Christian; … - In: European Review of Agricultural Economics 40 (2013) 3, pp. 463-485
In this paper we analyse the timing of disinvestment decisions by applying a real options approach to explain the experimentally observed disinvestment behaviour of agricultural entrepreneurs. Within this framework the tendency to postpone exit and termination choices can be rationalised. The...