Economic hysteresis in hog production

References

• Arellano , M . 2003 . Panel Data Econometrics , New York : Oxford University Press .
   Google Scholar
• Boehlje , M . 1992 . Alternative models of structural change in agriculture and related industries . Agribusiness , 8 : 219 – 31 .
   Google Scholar
• Breusch , T and Pagan , A . 1980 . The LM test and its applications to model specification in econometrics . Review of Economic Studies , 47 : 239 – 54 .
   Web of Science ®Google Scholar
• Chen , Y-F and Cheng , I-H . 2005 . Protection and employment under uncertainty: a real options approach . Applied Economics , 37 : 229 – 38 .
   Web of Science ®Google Scholar
• Dixit , AK . 1989 . Entry and exit decision under uncertainty . Journal Political Economy , 97 : 620 – 38 .
   Web of Science ®Google Scholar
• Dixit , AK and Pindyck , RS . 1994 . Investment Under Uncertainty , Princeton : Princeton University Press .
   Google Scholar
• Dong , D and Saha , A . 1998 . He came, he saw, (and) he waited: an empirical analysis of inertia in technology adoption . Applied Economics , 30 : 893 – 905 .
   Web of Science ®Google Scholar
• Gardebroek , C . 2004 . Capital adjustments on Dutch pig farms . European Review of Agricultural Economics , 31 : 39 – 59 .
   Web of Science ®Google Scholar
• Greene , WH . 2000 . Econometric Analysis , 4th edn , London : Prentice-Hall .
   Google Scholar
• Lagerkvist , CJ and Olson , KD . 2001 . Asymmetric information capital structure and agricultural investment, Paper presented at the Annual Meeting of the American Agricultural Economics Association, Chicago
   Google Scholar
• Maung , A and Foster , K . 2002 . Capital investment under alternative marketing scenarios in the hog industry: a real option approach . Canadian Journal of Agricultural Economics , 50 : 223 – 35 .
   Google Scholar
• Odening , M , Musshoff , O and Balmann , A . 2005 . Investment decisions in hog production – an application of the real options approach . Agricultural Economics , 32 : 47 – 60 .
   Google Scholar
• Pietola , KS and Myers , RJ . 2000 . Investment under uncertainty and dynamic adjustment in the finnish pork industry . American Journal of Agricultural Economics , 82 : 956 – 67 .
   Web of Science ®Google Scholar
• Porter , M . 1990 . The Competitive Advantage of Nations , New York : Free Press .
   Google Scholar
• Provencher , B . 1997 . Structural versus reduced-form estimation of optimal stopping problems . American Journal of Agricultural Economics , 79 : 357 – 68 .
   Google Scholar
• Pudney , S and Shields , M . 2000 . Gender, race, pay and promotion in the British nursing profession: estimation of a generalized ordered probit model . Journal of Applied Econometrics , 15 : 367 – 99 .
   Web of Science ®Google Scholar
• Ramezani , CA . 2003 . Real options corporate performance, and shareholder value creation, Paper presented at 7th Annual International Real Options Conference 2003, Washington, DC
   Google Scholar
• Richards , TJ and Green , G . 2000 . Economic hysteresis in variety selection . Journal of Agricultural and Applied Economics , 35 : 1 – 14 .
   Google Scholar
• Schatzki , T . 2003 . Options, uncertainty and sunk costs: an empirical analysis of land use change . Journal of Environmental Economics and Management , 46 : 86 – 105 .
   Google Scholar
• Moel , P and Tufano , A . 2002 . When are real options exercised? An empirical study of mine closings . The Review of Financial Studies , 15 : 35 – 64 .
   Web of Science ®Google Scholar
• Wossink , A . 2000 . The failure of marketable permit systems and uncertainty of environmental policy: a switching regime model applied to the Dutch phosphate quota program Paper presented at the AAEA Annual Meeting 2000, Tampa
   Google Scholar