The objective of this paper is to construct a framework for analyzing trade-offs between economic performance and environmental pressure at firm level. Based on a literature review, partially conflicting economic-environmental trade-off paradigms are structured and five necessary conditions for...

The objective of this paper is to construct a framework for analyzing trade-offs between economic performance and environmental pressure at firm level. Based on a literature review, partially conflicting economic-environmental trade-off paradigms are structured and five necessary conditions for...

There is a high potential for simultaneously increasing sustainability of the earth system and economic development by removing inefficiencies currently present both at the production input and output side. In this paper a static view on sustainability is employed, by introducing capacity...

This paper uses a mechanistic frontier approach as a reference to evaluate the ability of conventional parametric (SFA) and non-parametric (DEA) frontier approaches for analyzing economic-environmental trade-offs. Conventional frontier approaches are environmentally adjusted through...

This paper reports on the increased volatility in the milk price received by Flemish dairyfarmers and its consequence on the risk profile of selected Flemish dairy farms. Thevolatility of the milk price has doubled since January 2007. It is suggested that thisincreasing volatility could have a...

Modeling the farm level impact of risk management programs, policies and instruments is traditionally been done on a farm-level basis. Hence, farm simulation models typically use the behavioural assumption of profit or utility maximization is risk aversion taken into account. However, abundant...

This paper reports on the increased volatility in the milk price received by Flemish dairy farmers and its consequence on the risk profile of selected Flemish dairy farms. The volatility of the milk price has doubled since January 2007. It is suggested that this increasing volatility could have...