Risk and risk preferences belong to the key determinants of investment-based technology adoption in agriculture. We … stochastic dynamic farm-level model to quantify the effect of both risk and risk aversion on the timing and scale of agricultural … technology adoption. Our illustrative example on short rotation coppice adoption shows that risk aversion leads to technology …

Sequential investment opportunities or the presence of a rival typically hasten investment under risk neutrality. By … contrast, greater price uncertainty or risk aversion increase the incentive to postpone investment in the absence of … competition. We analyse how price and technological uncertainty, reflected in the random arrival of innovations, interact with …

ensures that the flexible risk response concept under conditions of improbable uncertainty is taken into account when …