A common method used for evaluation of investment projects is the Cost Benefit Analysis (CBA). Desiring to have insight into the core of investment, the optional modules with real options are becoming more in use, which represent the stochastic approach. The basic purpose of this research was...

Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

The aim of this study is to identify the driving forces that shape agricultural land structures, land market and land leasing in the Former Yugoslav Republic of Macedonia (FYROM). Institutional developments and land reforms have so far been modest in the FYROM, and have not contributed to...