Pietola, Kyosti; Vare, Minna; Oude Lansink, Alfons G.J.M. - European Association of Agricultural Economists - EAAE - 2002
This paper estimates farmer decisions between three discrete occupational choices: exit and close down the farming operation (1), exit and transfer the farm to a new entrant (2), or continue farming and retain the option to exit later on (3). The farmer optimisation problem is formulated as a...
