The paper aims at modelling adoption and diffusion decisions of farmers towards genetically modified crops under a real option framework. Modern GM crops help farmers to resolve two main sources of uncertainty: output uncertainty and input uncertainty. Those crops represent a revolutionary form...

This article applies a real options model to the problem of land development. Making use of the 1998-2001 Kyrgyz Household Budget Survey, we show that when the hypothesis of decreasing return to scale holds, the relation between the threshold value of revenue per hectare and the amount of land...

Linking to a growing literature in behavioral economics, this study combines neuroscience, psychology, and behavioral economics to empirically analyze the extent to which academic achievement, the relative weight of rationality vs. fairness in decision-making, and life satisfaction are affected...

Italian Abstract: La terra è un fattore di produzione, un mezzo per generare una vita, accumulare ricchezza e trasferirlo tra le generazioni. Le principali caratteristiche del terreno sono: l'immobilità, l'estensione fisica, l'indivisibilità, noduli e durata. Così terra serve come riserva di...

While scholars agree on the importance of land rental markets for structural transformation in rural areas, evidence on the extent and nature of their operation, including potential obstacles to their improved functioning, remains limited. This study uses household-level data from six countries...

The Boserup-Ruthenberg framework has long been used to explain and understand the determinants of agricultural growth, the nature of the intensification of farming systems, investment, and technology adoption. The literature has produced an extensive body of evidence that summarizes or tests the...