The following article examines the impact of Hurricane Katrina on small business success and adaptation. Small business success is characterized as increased revenues when compared to pre-disaster levels. Adaptation is characterized as post-Katrina changes to business infrastructure. A...

This paper examines the impact of technical efficiency on the optimal exit timing of farms in a stochastic dynamic framework. Starting from a standard real options approach, we incorporate technical efficiency via a production function and derive an optimal price trigger at which farms...

Abstract The objective of this paper is to analyze the relationship between farmers’ risk-aversions and the riskiness of various agricultural enterprises to see which marketing arrangements would typically emerge. Relying on the basic agency theory model we hypothesize the prevalence of...

Our study focuses on modeling Colorado potato beetle (CPB) outbreaks and damage caused in Maine. The approach is to evaluate CPB outbreak frequency in a spatio-temporal framework. A block bootstrapping method with has been used to evaluate the CPB damage on a experimental field of potatoes. With...

2014 AAEA annual meeting poster presentation