The paper illustrates a theoretical model of real option value applied to the problem of land development. Making use of the 1998-2001 Kyrgyz Household Budget Survey, we show that when the hypothesis of decreasing return to scale holds, the relation between the threshold value of revenue per...

The International Consortium on Applied Bioeconomy Research (ICABR) held its 15th annual conference near Rome, Italy in June 2011. The theme of the conference was sustainability, and this topic was addressed through numerous presentations from academia, government, and industry. Numerous...

Especially in environmentally sensitive agricultural landscapes, agriculture cannot define its aims by itself - it has to account for a number of demands of different groups of society. For example, agriculture is expected to produce food and at the same time contribute to the protection of...

Because of high population density in Europe agriculture cannot define its aims on its own but has to take account of quite a number of demands from different actors. For instance, agriculture is expected to produce food and at the same time to contribute to the protection of cultural landscapes...

Using the example of the MAB Biosphere Preserve “Mittlere Elbeâ€, this article demonstrates how an “optimal†land-use pattern – a pattern aimed at combining ecological, economic and social objectives in an adequate way – can be determined. The focus is on the...

Main description: This volume represents some of the Proceedings of the Annual Meeting of the Research Committee on Development Economics (Ausschuss für Entwicklungsländer) of the German Economic Association (Verein für Socialpolitik) held in Cologne, Germany, in July 2004. The meeting...