This paper aimed to extend previous real option models to features of multinational firms’ activities such as market competition and trade barriers. Few researchers have studied multinationals’ optimal switching time from export to FDI using real options, and those who have done so have...

We investigate whether and to what extent agricultural uncertainty drives the location of capital in the food processing industry. We show that when a risk-neutral food company has the possibility of exercising market power as both seller and buyer, the impact of agricultural uncertainty on the...

Purpose: The purpose of this paper is to develop a partial equilibrium model for the Tunisian dairy sector according to “quantity formulation” and “price formulation” and to show their equivalence under the assumption of perfect competition. Design/methodology/approach: This model...