This paper aimed to extend previous real option models to features of multinational firms’ activities such as market competition and trade barriers. Few researchers have studied multinationals’ optimal switching time from export to FDI using real options, and those who have done so have...

We investigate whether and to what extent agricultural uncertainty drives the location of capital in the food processing industry. We show that when a risk-neutral food company has the possibility of exercising market power as both seller and buyer, the impact of agricultural uncertainty on the...

In this article, we review the literature on the best ways to identify the causal effects of microcredit, present, and discuss some empirical results of the impact of microcredit on the adoption of innovations, investments, farm incomes, and profits. The results of empirical studies converge...

Despite imposition of strict environmental standards in Quebec, the impact of agricultural activities on water quality remains a concern, particularly in the Chaudière-Appalaches region.This region’s intensive animal and plant productions lead to excess phosphorus, nitrogen and sediments.This...

French Abstract: Malgré l’imposition de normes environnementales strictes au Québec, l’impact des activités agricoles sur la qualité de l’eau demeure préoccupant notamment dans la région de Chaudière-Appalaches. Cette région est intensive en productions animale et végétale ce qui...

This article analyses management of hydropower dams within monopolistic and oligopolistic competition and when hydroelectricity producers are risk averse and face demand uncertainty. In each type of market structure we analytically determine the water release path in closed-loop equilibrium. We...

French Abstract: Cet article s'intéresse à l'effet du travail hors ferme sur l'efficacité technique d'un échantillon de fermes laitières québécoises. Les analyses sont basées sur l'estimation d'un modèle stochastique de fonction de coûts. Nous formulons l'hypothèse selon laquelle les...