observed from 1996 to 2001. Our model allows for risk, risk attitudes and the intertemporal investment decisions. We also allow …

In this paper the effect of manure production rights on investment decisions of Dutch pig farmers is examined. A … dynamic optimization model of investment that explicitly takes zero investments into account is augmented by a constraint on … has a reducing effect on investment. The presence of this constraint is tested for using GMM structural break tests. The …

, uncertainty arises from weather and climatic conditions. (Dis)investment in irrigation technology on farms has become more … choose to postpone (dis)investments that appear to be immediately profitable. We combine investment and disinvestment … investment and disinvestment behavior of farmers. In our study, we consider a simple optimal stopping (dis)investment problem in …

government payments, cash crop income, and grain income were largely responsible for determining farm investment behavior in the …A farm’s physical investment is affected by its fundamental q and by its financial situation, with the later comprising … government payments, depreciation, and inflation on crop farm machinery and equipment investment behavior employing the Nonlinear …

policy can be the source of volatility in agricultural investment. It is shown that noise in formulation of agricultural … policy has adverse effects even in cases where earlier results would take that investment is increased. …

investment - results that are consistent with the model's predictions. -- investment ; stock market ; bubble ; dispersion …