Short rotation coppice (SRC) is an interesting economic alternative to agricultural land use. Nevertheless, farmers often do not switch to SRC. Thus, it seems like the farmers do not act according to the classical investment theory. A relatively new approach which can help to explain farmers’...

Our optimal control model identifies economic reasons as to why farmland bird populations have dramatically declined in modern agricultural landscapes. By integrating recreational wildlife values into farm level decision-making on arable crop choice and herbicide use, we derive those economic...

Investitionsentscheidungen sind i.d.R. durch Unsicherheit, Irreversibilität und zeitliche Flexibilität gekennzeichnet. Bei einfachen Kapitalwertberechnungen wird dies nicht berücksichtigt. Aber auch die flexible Investitionsplanung mit Hilfe von Entscheidungsbäumen, die den am weitesten...

World trade in feed grains (barley, corn, rye, oats, and other cereals, n.e.s.) more than tripled from 1962-85, while the number of countries participating in world trade increased 85 percent. Feed grain consumption has increased faster than production in most countries, so more countries...