Renner, Swetlana; Pieniadz, Agata - 2008
’ flexibility,especially considering market imperfections and otherobstacles associated with the transition process.In this paper we … formulate the theoretical frameworkfor flexibility analysis in order to investigate the impactof farm-specific characteristics … choosing the level of flexibility,the decision-maker determines the technology of thefirm, expressed by the cost function. The …