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Investment Behavior And Energy Conservation

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Author Info
Ladue, Eddy L.
Miller, Lynn H.
Kwiatkowski, Joseph H.
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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Publisher 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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Related research
Keywords: Farm Management;

References listed on IDEAS
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  1. 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. [Downloadable!] (restricted)
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