Glauben, Thomas; Petrick, Martin; Tietje, Hendrik; … - In: Applied Economics 41 (2009) 1, pp. 45-54
In a two-step econometric approach that corrects for selectivity bias, we analyse the determinants of the probability of succession and the timing of succession or closure in a unique sample of 233 North-German family farms. We set up the succession decision as an intertemporal optimization...