The paper shows that explicit modelling of sunk cost and a firm’s entry-exit decision in a traditional deterministic investment model may give an explanation of the slow transition to the optimal fleet structure following the introduction of individual transferable quotas (ITQs). The analysis...

The fishing fleet and the component parts of effort and production can be de-scribed and analysed in different ways. As an example, the fishing fleet can be described using a list of different production function specifications. These pro-duction functions will in this paper be estimated using...

A cooperation between The Farmers Association of Southern Jutland, Institute of Food Economics Department of Environmental and Business Economics, USD, and Centre for Rural Development, hosting Leader+ Denmark This report is a translation of the original report in Danish: (Jørgensen, H. P. and...

Developments starting with activation reforms in the 1990s and speeded up during the last 10 years form part of a double farewell to the Danish welfare model. The benefits system has been reformed with the introduction of stricter eligibility criteria, sanctions, shorter benefit periods, and...

Performing the bioethanol production process at high solids loading is a requirement for economic feasibility at industrial scale. So far this has successfully been achieved using wheat straw and other agricultural residues at 30% of water insoluble solids (WIS), but for softwood species (i.e....