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The present paper aims to give insight into critical issues contributing to the successful building of viable and sustainable regional netchains, focussing on chain governance mechanisms (coordination mechanisms, quality management systems, information systems) and social embedding. It uses...
Persistent link: https://www.econbiz.de/10010878853
For many environmental problems, economics adaptation will likely be the primary means by which potential damages are avoided. How and by how much humans adapt to environmental risks, therefore, is a question of paramount importance. This paper uses a novel dataset documenting the introduction...
Persistent link: https://www.econbiz.de/10011068836
countries. To examine the effects of public risk management programs onoptimal nitrogen fertilizer use and land allocation to …
Persistent link: https://www.econbiz.de/10009445763
The objective of this paper is to study the problem of management of irrigation water. We analyse farmers' economic rules of tactical irrigation scheduling in a certain or uncertain environment under water scarcity. The optimal plans depend on uncertain weather conditions and expectations. We...
Persistent link: https://www.econbiz.de/10005494122
The biological nature of agricultural production processes induce a higher degree of uncertainty surrounding the … many developed countries. To examine the effects of public risk management programs on optimal nitrogen fertilizer use and …
Persistent link: https://www.econbiz.de/10004974005
Investment decisions are, as a rule, characterized by uncertainty, irreversibility and flexibility. Simple net present … practical decision problems adequately. One handicap is a realistic and manageable representation of stochastic variables. It … has long been known that stochastic simulation procedures offer a nearly unlimited capacity to represent distributions and …
Persistent link: https://www.econbiz.de/10008800961
We combine theory with numerical integration methods to show that for any form of uncompensated supply, compensating variation of a change in higher moments of an output price distribution can be numerically derived.
Persistent link: https://www.econbiz.de/10005494077
conditions in which participants face an actual risk of financial loss. The laboratory results extend those of Johannesson et al …., providing strong evidence of pure altruism but limited support for paternalistic altruism for risk. …
Persistent link: https://www.econbiz.de/10004979534
integrating risk into Data Envelopment Analysis (DEA). The riskadjusted DEA models are applied to a balanced panel of 278 farms … with alternative degrees of specialisation in pig fattening. Both models explicitly take account of output risk in … determining efficient benchmarks. Output risk is measured and included in both models as standard deviation of total farm gross …
Persistent link: https://www.econbiz.de/10011143155
We formulate and estimate a farm level simulation model of agricultural crop production, and apply it to a scenario with increasing yield variability. The objective function is of the mean-variance utility type with a positive mathematical programming (PMP) cost function, and it is estimated...
Persistent link: https://www.econbiz.de/10011125064