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2013-11-04Buch DOI: 10.18452/3234
Investment, disinvestment and policy impact analysis in the dairy sector
dc.contributor.authorFeil, Jan-Henning
dc.contributor.authorMusshoff, Oliver
dc.date.accessioned2017-06-15T20:17:09Z
dc.date.available2017-06-15T20:17:09Z
dc.date.created2013-11-04
dc.date.issued2013-11-04
dc.date.submitted2013-10-30
dc.identifier.urihttp://edoc.hu-berlin.de/18452/3886
dc.description.abstractDue 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.eng
dc.language.isoeng
dc.publisherAlbrecht Daniel Thaer-Institut für Agrar- und Gartenbauwissenschaften
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectcompetitioneng
dc.subjectreal optionseng
dc.subjectpolicy impact analysiseng
dc.subjectInvestment and disinvestmenteng
dc.subjectdairy sectoreng
dc.subject.ddc630 Landwirtschaft und verwandte Bereiche
dc.titleInvestment, disinvestment and policy impact analysis in the dairy sector
dc.typebook
dc.subtitlea real options approach
dc.identifier.urnurn:nbn:de:kobv:11-100213228
dc.identifier.doihttp://dx.doi.org/10.18452/3234
local.edoc.container-titleSiAg Working Papers
local.edoc.pages25
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2013
local.edoc.container-issue16
local.edoc.container-year2013
local.edoc.container-erstkatid2942080-5

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