This paper develops an option value model to examine the extent to which output price uncertainty creates incentives to adopt two interrelated components of site-specific technologies sequentially. It analyzes how the impact of uncertainty on the sequential adoption decision differs across...

This study analyzes the potential impacts of expanded ethanol production on southern agriculture. Results of regression analysis suggest that acreage planted for field crops (corn, cotton, soybeans, and wheat) is inelastic with respect to relative prices. The results provide statistical evidence...

This paper introduces social learning into irreversible investment theory through parameter uncertainty, and shows that social learning could reduce parameter uncertainty to facilitate irreversible investment technology adoption. The theoretic model is tested by using household level data from...

This study utilized a semiparametric panel model to estimate environmental Kuznets curves (EKC) for carbon dioxide (CO2) in 15 Latin American countries, using hitherto unused data on forestry acreage in each country. Results showed an N-shaped curve for the region; however, the shape of the...

The effects of price changes on irrigation technology transitions and potential agricultural water conservation in the Pacific Northwest are analyzed using Parks' (1980) modified multinomial logit model. Results indicate that commodity price effects are statistically significant, but they are...

This preparatory case study provides an overview on the issue of changing food purchasing and food consumption habits among urban middle-classes in the South Indian emerging mega-city of Hyderabad. It analyses how food purchasing and dietary habits in this specific urban stratum are subject to...