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	Provedor de dados AgEcon (3) Autor Tauer, Loren W. (2) Fenichel, Eli P. (1) Palavra-chave Entry-exit (3) Dairy farming (2) Farm Management (2) Investment (2) Real options (2) Bioeconomics (1) Landing limits (1) Microparameter (1) Optimal control (1) Q20 (1) Q22 (1) Q26 (1) Recreational fishing (1) Resource /Energy Economics and Policy (1) Mais... Tipo do documento Conference Paper or Presentation (2) Journal Article (1) Ano 2009 (1) 2006 (2) País United States (3) Idioma Inglês (3)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 3 Primeira ... 1 ... Última When to Get In and Out of Dairy Farming: A Real Option Analysis AgEcon Tauer, Loren W.. The Dixit entry/exit real option model was applied to the entry/exit decisions of New York dairy farmers. For the cost structure of a 500-cow farm the entry milk price is $17.52 per hundredweight (cwt.) and the exit milk price is $10.84. For the 50-cow farm cost structure the entry price is higher at $23.71 per cwt., and the exit price is also higher at $13.48. If infinite numbers of representative farms enter and exit at these prices, the price of milk should range between $13.48 and $17.52 per cwt. Tipo: Conference Paper or Presentation Palavras-chave: Dairy farming; Entry-exit; Investment; Real options; Farm Management. Ano: 2006 URL: http://purl.umn.edu/21251 When to Get In and Out of Dairy Farming: A Real Option Analysis AgEcon Tauer, Loren W.. The Dixit entry/exit real option model was applied to the entry/exit decisions of New York dairy farmers. For the cost structure of a 500-cow farm, the entry milk price is $17.52 per hundredweight (cwt) and the exit milk price is $10.84. For the 50-cow farm cost structure, the entry price is higher at $23.71 per cwt, and the exit price is also higher at $13.48. If infinite numbers of representative farms enter and exit at these prices, the price of milk should range between $13.48 and $17.52 per cwt. Tipo: Journal Article Palavras-chave: Dairy farming; Entry-exit; Investment; Real options; Farm Management. Ano: 2006 URL: http://purl.umn.edu/10219 Heterogeneity among agent types and second-best management for non-market ecological services AgEcon Fenichel, Eli P.. Second-best management affects different agent types differently, and heterogeneity among agents may create instances when only second best management is feasible. Capital-theoretic bioeconomic modeling often has imposed representative agent assumptions that may not capture this heterogeneity. Interactions between agent heterogeneity and second-best management have received little attention. Such heterogeneity is particularly important when management actions do not directly affect extensive margin decisions. We employ a microparameter model in a dynamic bioeconomic model to incorporate agent heterogeneity and intensive and extensive margin decisions for a nonmarket good, recreational fishing. The model yields qualitatively different management... Tipo: Conference Paper or Presentation Palavras-chave: Entry-exit; Microparameter; Bioeconomics; Recreational fishing; Landing limits; Optimal control; Resource /Energy Economics and Policy; Q20; Q22; Q26. Ano: 2009 URL: http://purl.umn.edu/48995 Registros recuperados: 3 Primeira ... 1 ... Última

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