In this paper, option-pricing theory is applied to an investment problem in hog production. A stochastic simulation model capable of pricing American-type options is developed. This is achieved by recursive calculation of the exercise frontier. The model is used to determine the investment...

This article investigates the link between financing and investment in Ukrainian agriculture during economic transition. The main contribution of the study is to provide empirical evidence for the coexistence of financial constraints and soft budget constraints (SBCs). This is of particular...

The digital revolution and the ongoing dissemination of mobile phones carry several prospects for smallholder farmers in sub-Saharan Africa. Food insecurity and low dietary quality remain major issues among African smallholders. Mobile phones could potentially facilitate access to food markets...

In this article, we analyze the effects of household location and weather variability on the adoption of borewell technology along the rural–urban interface of Bangalore, India. Understanding these effects can help to design policies that ensure smallholders’ livelihoods and the functioning...