Switching to Perennial Energy Crops under Uncertainty and Costly Reversibility
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- Feng Song & Jinhua Zhao & Scott M. Swinton, 2011. "Switching to Perennial Energy Crops Under Uncertainty and Costly Reversibility," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(3), pages 764-779.
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More about this item
Keywordsreal options; irreversibility; sunk costs; land conversion; biofuel; cellulosic biomass; dynamic modeling; stochastic process; biofuel policy; Land Economics/Use; Resource /Energy Economics and Policy; Risk and Uncertainty; Q42; Q24;
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-AGR-2010-01-23 (Agricultural Economics)
- NEP-ALL-2010-01-23 (All new papers)
- NEP-ENE-2010-01-23 (Energy Economics)
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