A combination of experimental and simulation procedures identify important factors in an Illinois cash grain farmerÂ’s machinery investment decisions. In an experiment setting, a panel of farmers based investment decisions on their own expectations, farm situations, and varying policy...

Rather than relying on ex post market data, this study derives theoretically more appropriate measures of economic depreciation and capital gains based on the expectations of farmers. In this context, values of depreciable assets are highly sensitive to the pattern of expected future earnings...

One recent development in the organizational economics approach to strategy management concerns the integration of the organizational capabilities view and the transaction costs theory. My dissertation takes on this task focusing on transaction costs economics, dynamic capabilities, and temporal...