SEQUENTIAL INVESTMENT IN SITE-SPECIFIC CROP MANAGEMENT UNDER OUTPUT PRICE UNCERTAINTY: IMPLICATIONS FOR NITROGEN POLLUTION CONTROL

This paper develops an option value model to examine the extent to which output price uncertainty creates incentives to adopt two interrelated components of site-specific technologies sequentially. It analyzes how the impact of uncertainty on the sequential adoption decision differs across heterogeneous soil conditions, and examines the implications of adoption for nitrogen pollution generation and for the design of a cost-share subsidy policy.

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Year of publication:	2000
Authors:	Isik, Murat ; Khanna, Madhu ; Winter-Nelson, Alex
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Environmental Economics and Policy \| Research and Development/Tech Change/Emerging Technologies \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	2000 Annual meeting, July 30-August 2, Tampa, FL.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2000 Annual meeting, July 30-August 2, Tampa, FL Number 21875
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005513556