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Investment Behavior And Energy Conservation

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  • LaDue, Eddy L.
  • Miller, Lynn H.
  • Kwiatkowski, Joseph H.
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    Abstract

    Binary logit and bivariate probit models were used to investigate the investment behavior of farmers relative to two energy-conserving assets, heat-recovery systems and precoolers. The bivariate probit procedure was useful in correcting for self-selectivity bias. Holdout samples and cross-validation procedures were used to develop true model statistics. Farm size, educational level of the operator, and the type of milking system in use were the important factors influencing investment behavior.

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    File URL: http://purl.umn.edu/29030
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    Bibliographic Info

    Article provided by Northeastern Agricultural and Resource Economics Association in its journal Northeastern Journal of Agricultural and Resource Economics.

    Volume (Year): 19 (1990)
    Issue (Month): 2 (October)
    Pages:

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    Handle: RePEc:ags:nejare:29030

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    Web page: http://www.narea.org/
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    Related research

    Keywords: Farm Management;

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    1. Gustafson, Cole R. & Barry, Peter J. & Sonka, Steven T., 1986. "Machinery Investment Decisions By Cash Grain Farmers In Illinois," Proceedings:1986 Regional Committee NC-161, October 7-8, 1986, St. Paul, Minnesota 127216, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    2. Frydman, Halina & Altman, Edward I & Kao, Duen-Li, 1985. " Introducing Recursive Partitioning for Financial Classification: The Case of Financial Distress," Journal of Finance, American Finance Association, vol. 40(1), pages 269-91, March.
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