Logo of Humboldt-Universität zu BerlinLogo of Humboldt-Universität zu Berlin
edoc-Server
Open-Access-Publikationsserver der Humboldt-Universität
de|en
Header image: facade of Humboldt-Universität zu Berlin
View Item 
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Albrecht Daniel Thaer-Institut für Agrar- und Gartenbauwissenschaften
  • SiAg Working Papers
  • View Item
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Albrecht Daniel Thaer-Institut für Agrar- und Gartenbauwissenschaften
  • SiAg Working Papers
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.
All of edoc-ServerCommunity & CollectionTitleAuthorSubjectThis CollectionTitleAuthorSubject
PublishLoginRegisterHelp
StatisticsView Usage Statistics
All of edoc-ServerCommunity & CollectionTitleAuthorSubjectThis CollectionTitleAuthorSubject
PublishLoginRegisterHelp
StatisticsView Usage Statistics
View Item 
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Albrecht Daniel Thaer-Institut für Agrar- und Gartenbauwissenschaften
  • SiAg Working Papers
  • View Item
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Albrecht Daniel Thaer-Institut für Agrar- und Gartenbauwissenschaften
  • SiAg Working Papers
  • View Item
2013-11-04Buch DOI: 10.18452/3234
Investment, disinvestment and policy impact analysis in the dairy sector
a real options approach
Feil, Jan-Henning
Musshoff, Oliver cc
Due to strong changes in general economic conditions and increasing market volatility, a higher level of investments and disinvestments in the dairy sector can be observed. Therefore, the simultaneous analysis of firms’ investment and disinvestment decisions under consideration of uncertainty and market interventions is of high relevance. In this paper, a flexible real options market model is applied to the German dairy sector. The model considers disinvestment besides investment options and, moreover, allows the integration and assessment of different market interventions that are relevant to the dairy sector. According to the results, production ceilings and investment subsidies are preferable to price floors because the welfare is less reduced for a given stimulation of the willingness to invest. Moreover, it is shown that not considering disinvestment options, which in reality often exist, can lead to incorrect valuations of investment strategies at firm level and incorrect policy impact analyses at macroeconomic level.
Files in this item
Thumbnail
16.pdf — Adobe PDF — 391.7 Kb
MD5: 66b6373633087bee7ffe828b3a025a9d
Cite
BibTeX
EndNote
RIS
InCopyright
Details
DINI-Zertifikat 2019OpenAIRE validatedORCID Consortium
Imprint Policy Contact Data Privacy Statement
A service of University Library and Computer and Media Service
© Humboldt-Universität zu Berlin
 
DOI
10.18452/3234
Permanent URL
https://doi.org/10.18452/3234
HTML
<a href="https://doi.org/10.18452/3234">https://doi.org/10.18452/3234</a>