Pietola, Kyösti; Heikkilä, Anna-Maija - In: Agricultural Economics 33 (2005) s3, pp. 381-387
We analyze dairy farmers' decisions to switch from the traditional labor-intensive tied-housing system to a more capital-intensive free-stall housing. The choice of the housing system is modeled as a sequence of interrelated choices. Errors that are consistent with the observed choices are...