References
- Carey , MJ and Zilberman , D . 2002 . A model of investment under uncertainty: modern irrigation technologies and emerging markets in water . American Journal of Agricultural Economics , 84 ( 1 ) : 171 – 83 .
- Campbell , J and Mankiw , NG . 1987 . Are output fluctuations transitory? . Quarterly Journal of Economics , 102 : 857 – 80 .
- Cochrane , JH . 1986 . How big is the random walk in GNP . Journal of Political Economy , 96 : 893 – 920 .
- Dickey , DA and Fuller , WA . 1981 . Likelihood ratio statistics for autoregressive time series with a unit root . Econometrica , 49 : 1057 – 72 .
- Dixit , AK and Pindyck , RS . 1994 . Investment Under Uncertainty , Princeton, NJ : Princeton University Press .
- Forsyth , M . 2000 . On estimating the option value of preserving a wilderness areas . Canadian Journal of Economics , 33 : 413 – 34 .
- Froot , KA and Rogoff , K . 1995 . “ Perspective on PPP and long-run real exchange rates ” . In Handbook of International Economics , , Vol. 3 , Edited by: Grossman , G and Rogoff , K . Vol. 3 , Amsterdam : North Holland .
- Isik , M and Khanna , M . 2003 . Stochastic technology, risk preferences and adoption of site specific technologies . American Journal of Agricultural Economics , 85 : 305 – 17 .
- Isik , M , Khanna , M and Winter-Nelson , A . 2001 . Sequential investment in site-specific crop management under output price uncertainty . Journal of Agricultural and Resource Economics , 26 : 212 – 29 .
- Khanna , M , Isik , M and Winter-Nelson , A . 2000 . Investment in site-specific crop management under uncertainty, implications for nitrogen pollution control and environmental policy . Agricultural Economics , 24 : 9 – 21 .
- Lund , D . 1993 . The lognormal diffusion is hardly an equilibrium price process for exhaustible resources . Journal of Environmental Economics and Management , 25 : 235 – 41 .
- McDonald , R and Seigel , D . 1986 . The value of waiting to invest . Quarterly Journal of Economics , 101 : 707 – 27 .
- Pindyck , RS . 1999 . The long-run evolution of energy prices . Energy Journal , 20 : 1 – 27 .
- Perron , P . 1989 . The greater crash, the oil price shock, and the unit root hypothesis . Journal of Political Economy , 57 : 1361 – 401 .
- Price , TJ and Wetzstein , M . 1999 . Irreversible investment decisions in perennial crops with yield and price uncertainty . Journal of Agricultural and Resource Economics , 24 : 173 – 85 .
- Purvis , A , Boggess , W. G. and Moss , CB . 1995 . Technology adoption decisions under irreversibility and uncertainty, an ex ante approach . American Journal of Agricultural Economics , 77 : 541 – 51 .
- USDA, Agricultural Statistics, National Agricultural Statistics Service, Government Printing Office, Washington DC (annual issues, 1965–2002) http://www.usda.gov/nass/pubs/histdata.htm (http://www.usda.gov/nass/pubs/histdata.htm)
- Winter-Nelson , A and Anegbeto , K . 1998 . Option values to conservation and agricultural price policy, application to terrace construction in Kenya . American Journal of Agricultural Economics , 80 : 409 – 18 .