In this study, we experimentally analyze the investment behavior of smallholder farmers in Uganda. We consider a problem of optimal stopping, stylizing an option to invest in a project. We ascertain whether, and to what extent, the real options approach and the classical investment theory can...

This paper investigates the effects of network based individual social capital on the access of rural households to services. In the context of development economics, an innovative data collection approach is used to determine network based social capital. The approach originates from the field...

In this workshop the participants identified five priority areas of concern relative to sustainable management of groundwater irrigation by farmers:1) aquifer drawdown; 2) FMIS groundwaterwater support services, 3) management problems under water-surplus conditions; 4) management problems under...

As with most agricultural products in world trade, trade in meat products is restricted by a variety of non-tariff barriers in different countries. In the case of New Zealand meat products there are quota restrictions in the USA, Canada, and EU markets and hygiene regulations of varying...

The island of Bali is one of the main cattle producing areas for Indonesia. Bali is also known for its extensive tourist sector. Frozen and chilled beef are imported to fulfil the tourist demand. This imported beef, most of it from Australia, competes with the local beef in the tourist sector....

The gradualism of economic reforms in China and Vietnam (especially in China, which has led the way in this regard) has been commented on favourably by many analysts studying transitional economies. Early market reforms in China and Vietnam were constrained by political considerations and...