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The analysis of irreversibility, uncertainty and dynamic technical inefficiency on the investment decision in Spanish olive sector
Lambarraa, Fátima; Spiro, Stefanou; Gil Roig, José María
Universitat Politècnica de Catalunya. Departament d'Enginyeria Agroalimentària i Biotecnologia
This study analyzes Spanish olive sector investment decision under irreversibility and uncertainty taking into consideration the technical efficiency as a relevant element that could impact that decision by integrating the Real Option Approach (ROA) and a dynamic Stochastic Frontier Model (SFM) estimation.
Àrees temàtiques de la UPC::Enginyeria agroalimentària::Indústries agroalimentàries::Olis i greixos comestibles
Olive industry and trade -- Spain
Oli d'oliva -- Producció
Open Access
Conference Object

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