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2013 | 14 | 1 | 253-264

Article title

REAL OPTIONS FOR AGRICULTURAL INVESTMENTS

Content

Title variants

Languages of publication

EN

Abstracts

EN
We present an overview of the real options methodology and its applications in agricultural decision making. We examine the current state of research on real options in agriculture as well as propose a range of possible extensions and further applications of diverse types of real options in agricultural investments and their policy implications.

Year

Volume

14

Issue

1

Pages

253-264

Physical description

Dates

published
2013

Contributors

  • ISCTE–IUL, Department of Economics
author
  • Independent Scholar, Travessa das Águas Livres 25 RC/E

References

  • Black, F. and Scholes, M. (1973) The pricing of options and corporate liabilities. Journal
  • of Political Economy, 81, pp. 637–54.
  • Bose, S. and Oh, K.-B. (2003) An empirical evaluation of option pricing in intellectual capital. Journal of Intellectual Capital, 4, pp. 282–96.
  • Childs, P. and Triantis, A. (1999) Dynamic r&d investment policies. Management Science, 45, pp. 1359–77.
  • Dixit, A. and Pindyck, R. (1994) Investment under Uncertainty. Princeton University Press.
  • Fenichel, E. P., Tsao, J. I., Jones, M. L., and Hickling,. G. J. (2008). Real options for precautionary fisheries management. Fish and Fisheries, 9, pp. 121–137.
  • Huchzermeier, A. and Loch, C. (2001) Project management under risk: using the real options approach to evaluate flexibility in r&d. Management Science, 47, pp. 85–101.
  • Khanna, M., Isik, M., and Winter-Nelson, A. (2000) Investment in site-specific crop management under uncertainty: implications for nitrogen pollution control and environ- mental policy. Agricultural Economics, 24, pp. 9–21.
  • Kossovsky, N. (2002) Fair value of intellectual property: an options-based valuation of nearly 8000 intellectual property assets. Journal of Intellectual Capital, 3, pp. 62–70.
  • Kuminoff, N. V. and Wossink, A. (2005) Valuing the option to convert from conventional to organic farming. In No 19531, 2005 Annual meeting, July 24-27, Providence, RI of the American Agricultural Economics Association.
  • Laxman, P. R. and Aggarwal, S. (2003) Patent valuation using real options. IIMB Management Review, 15, pp. 44–51.

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-539ad8b8-0c91-4b55-bdf6-f060613a71c8
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