13 research outputs found
An Economic Evaluation of Emerging Variable Rate Application Technologies
Get PDFAuthor Institution (Batte and Schnitkey): Department of Agricultural, Environmental and Developmental Economics, The Ohio State Universit
An Analysis of Milk Assembly Costs in the Greater Ohio Area: A Multi-Output Approach
Get PDFA non-traditional multi-output cost function for milk haulers is estimated. Hauling firm outputs are (i) assembly miles, (ii) transport miles, and (iii) volume of milk hauled. Data were provided by 40 firms. The estimated cost function is shown to exhibit substantial economies of scale for all three joint outputs
THE EFFECTS OF INCLUDING BANKRUPTCY ON DYNAMIC INVESTMENT DECISIONS
No full textThis article evaluates the effects of including the costs of bankruptcy in a dynamic model of off-farm investment decisions using a stochastic dynamic programming (SDP) model which incorporates the stochastic dynamic nature of investment returns and the interrelationships between financial structure and investment decisions. Our results suggest that in the presence of bankruptcy, optimal investment decisions are affected by financial structure and financial market conditions. Ignoring bankruptcy costs in determining investment decisions results in a high probability of bankruptcy
THE EFFECTS OF INCLUDING BANKRUPTCY ON DYNAMIC INVESTMENT DECISIONS
No full textThis article evaluates the effects of including the costs of bankruptcy in a dynamic model of off-farm investment decisions using a stochastic dynamic programming (SDP) model which incorporates the stochastic dynamic nature of investment returns and the interrelationships between financial structure and investment decisions. Our results suggest that in the presence of bankruptcy, optimal investment decisions are affected by financial structure and financial market conditions. Ignoring bankruptcy costs in determining investment decisions results in a high probability of bankruptcy.Financial Economics,
