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	Provedor de dados AgEcon (2) Autor Sandri, Serena (2) Schade, Christian (2) Balmann, Alfons (1) Kellermann, Konrad (1) Larsen, Karin (1) Musshoff, Oliver (1) Odening, Martin (1) Mais... Palavra-chave Agricultural and Food Policy (2) Experimental Economics (2) Agribusiness (1) Agricultural Finance (1) Coordination and Allocation (1) Disinvestment (1) Exit Behavior (1) Farm Management (1) Institutional and Behavioral Economics (1) Land Economics/Use (1) Land Markets (1) Real-Options (1) Mais... Tipo do documento Conference Paper or Presentation (1) Working or Discussion Paper (1) Ano 2010 (2) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última Holding on for too long? An experimental study on inertia in entrepreneurs’ and non-entrepreneurs’ disinvestment choices AgEcon Sandri, Serena; Schade, Christian; Musshoff, Oliver; Odening, Martin. Disinvestment, in the sense of project termination and liquidation of assets including the cession of a venture, is an important realm of entrepreneurial decision-making. This study presents the results of an experimental investigation modeling the choice to disinvest as a dynamic problem of optimal stopping in which the patterns of decisions are analyzed with entrepreneurs and non-entrepreneurs. Our experimental results reject the standard net present value approach as an account of observed behavior. Instead, most individuals seem to understand the value of waiting. Their choices are weakly related to the disinvestment triggers derived from a formal optimal stopping benchmark consistent with real options reasoning. We also observe a pronounced... Tipo: Working or Discussion Paper Palavras-chave: Real-Options; Disinvestment; Exit Behavior; Experimental Economics; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Institutional and Behavioral Economics. Ano: 2010 URL: http://purl.umn.edu/59518 Coordination and allocation on land markets under increasing scale economies and heterogeneous actors - An experimental study AgEcon Balmann, Alfons; Kellermann, Konrad; Larsen, Karin; Sandri, Serena; Schade, Christian. Economies of scale and scope are often not exploited in Western agriculture. A general reason is probably that various types of transaction costs limit coordination among farmers. A more specific explanation is that coordination on land markets or machinery cooperation is difficult to achieve when farmers are heterogeneous as some kind of price differentiation is necessary for a Pareto-superior solution. This paper investigates experimentally such a coordination game with heterogeneous agents using an example inspired by agricultural land markets. The experimental findings suggest that a Pareto-optimal solution may not be found when agents are heterogeneous. The findings provide evidence for market failures and cooperation deficits as reasons for... Tipo: Conference Paper or Presentation Palavras-chave: Land Markets; Coordination and Allocation; Experimental Economics; Agricultural and Food Policy; Farm Management; Land Economics/Use. Ano: 2010 URL: http://purl.umn.edu/61093 Registros recuperados: 2 Primeira ... 1 ... Última

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