Technology choice under changing peanut policies
研究了美国东南部花生生产中，营销配额和价格支持政策如何影响农户在旱作与灌溉技术之间的选择，使用实物期权模型分析价格支持变化对技术采纳或放弃的影响。
Abstract The effect of marketing quotas and price supports on technology adoption are examined for peanut production in the southeastern United States using a real options model of investment with output price and yield uncertainty. The optimal choice of peanut production technology (dryland versus irrigated) in the southeast is shown to depend on price supports and how they change. The manner in which price supports change will have an effect on the choice and rates of abandonment or adoption of production technologies.