Der Wechsel vom konventionellen zum ökologischen Landbau: Eine investitionstheoretische Betrachtung

Abstract: The objective of this paper is to explore the potential of the real options approach for analyzing farmers’ choice to switch from conventional to organic farming. Understanding the determinants of this decision is relevant in particular for agricultural policy makers when predicting the response of farmers to support programs. After a brief review of the existing literature on barriers to the adoption of organic farming a theoretical model is presented that allows one to incorporate two main features of the adoption decision, namely irreversibility and uncertainty of the returns. The real options model quantifies investment multiples that trigger the adoption of organic farming. Compared with neoclassical models it suggests an inertia of the respective farming type, i.e. economic hysteresis. In order to find some empirical evidence for that hypothesis we utilize a switching regression model has originally been developed to test for market integration. The econometric model is then .... https://www.tib-op.org/ojs/index.php/gjae/article/view/1597

Object Details

• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource
• Language: Englisch

References and Relationships

• Bibliographic citation: Der Wechsel vom konventionellen zum ökologischen Landbau: Eine investitionstheoretische Betrachtung ; volume:53 ; number:6 ; year:2004 ; Agrarwirtschaft ; 53, Heft 6 (2004)

Contributors, Places and Time

• Creator: Odening, Martin ; Mußhoff, Oliver ; Utesch, Volker

Further information

• DOI: 10.52825/gjae.v53i6.1597
• URN: urn:nbn:de:101:1-2409251029338.833114912608
• Rights: Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 15.08.2025, 7:25 AM CEST