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dc.contributor.authorWiemers, Emily
dc.contributor.authorBehan, Jasmina
dc.date.accessioned2011-10-17T11:40:01Z
dc.date.available2011-10-17T11:40:01Z
dc.date.issued2004
dc.identifier.citationWiemers, Emily; Behan, Jasmina. 'Farm forestry investment in Ireland under uncertainty'. - Economic & Social Review, Vol. 35, No. 3, Winter, 2004, pp. 305-320, Dublin: Economic & Social Research Instituteen
dc.identifier.issn00129984
dc.identifier.otherJEL Q15
dc.identifier.otherJEL Q23
dc.identifier.urihttp://hdl.handle.net/2262/60160
dc.description.abstractThis paper develops a model to explain farmers? decision to move from agricultural activities to forestry. Farmers in Ireland have strong links with land and are reluctant to enter into forestry even when the returns from it exceed those from farming. This paper examines whether the reluctance among farmers to plant forestry originates in the nature of forestry investment, which is characterised by the irreversibility of the decision, the uncertainty about future returns, and the ability to delay investment in forestry. In this paper we use a real options method and focus on the contribution of uncertainty in returns and costs to the decision to invest in forestry.en
dc.language.isoenen
dc.publisherEconomic & Social Research Instituteen
dc.relation.ispartofVol.XX, No. XX, Issue, Yearen
dc.sourceEconomic & Social Reviewen
dc.subjectAgricultureen
dc.subjectForestryen
dc.subjectDecision makingen
dc.subjectIrelanden
dc.subjectInvestmenten
dc.titleFarm forestry investment in Ireland under uncertaintyen
dc.typeJournal Articleen
dc.publisher.placeDublinen


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