The Sustainable Value approach integrates the efficiency with regard to environmental, social and economic resources into a monetary indicator. It gained significant popularity as evidenced by diverse applications at the corporate level. However, its introduction as a measure adhering to the...

Recently, the original benchmarking methodology of the Sustainable Value approach became subjected to serious debate. While Kuosmanen and Kuosmanen (2009b) critically question its validity introducing productive efficiency theory, Figge and Hahn (2009) put forward that the implementation of...

This paper utilizes a Ricardian model to test the relationship between annual net revenues and climate across Israeli farms. The study finds that it is important to include the amount of irrigation water available to each farm in order to measure the response of farms to climate. With irrigation...

This paper explores how South American farmers adapt to climate by changing crops. We develop a multinomial logit model of farmer's choice of crops. Estimating the model across 949 farmers in seven countries, we find that both temperature and precipitation affect the crops that South American...

This paper examines how South American farmers' choices of livestock species vary across the range of climate and in turn infer from them as to what would happen under climate changes. We examine the choice of five primary species using a multinomial logit model with and without climate...