Real Options: Concept, Methods and Applicability in Agricultural EconomicsThis paper discusses the real options approach to investment. Real options facilitate an analysis of investment under uncertainty explicitly taking into account irreversibility of the investment decision and flexibility...

Auctioning off goods is a widespread practice in the agricultural sector. The revenue equivalence theorem predicts that independent of the type of auction, the revenues are identical under fulfillment of specific conditions. One of these conditions is that bidders must be risk neutral; this...

This paper provides an assessment of technical efficiency and productivity change for a sample of large-scale arable farms in Germany. For this, the paper applies input-oriented Data Envelopment Analysis (DEA) and Malmquist Index (MI) methods in combination with bootstrapping to a balanced...