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	Provedor de dados AgEcon (1) Autor Musshoff, Oliver (1) Odening, Martin (1) Utesch, Volker (1) Palavra-chave Farm Management (1) Hysteresis (1) Organic farming (1) Real options (1) Switching regression (1) Tipo do documento Journal Article (1) Ano 2004 (1) País United States (1) Idioma Alemão (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Der Wechsel vom konventionellen zum ökologischen Landbau: Eine investitionstheoretische Betrachtung AgEcon Odening, Martin; Musshoff, Oliver; Utesch, Volker. The objective of this paper is to explore the potential of the real options approach for analyzing farmers’ choice to switch from conventional to organic farming. Understanding the determinants of this decision is relevant in particular for agricultural policy makers when predicting the response of farmers to support programs. After a brief review of the existing literature on barriers to the adoption of organic farming a theoretical model is presented that allows one to incorporate two main features of the adoption decision, namely irreversibility and uncertainty of the returns. The real options model quantifies investment multiples that trigger the adoption of organic farming. Compared with neoclassical models it suggests an inertia of the respective... Tipo: Journal Article Palavras-chave: Organic farming; Real options; Switching regression; Hysteresis; Farm Management. Ano: 2004 URL: http://purl.umn.edu/97451 Registros recuperados: 1 Primeira ... 1 ... Última

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