An assessment of apple orchard investments in South Africa under uncertainty and irreversibility
The competitiveness of the South African fresh apple export value chain can be improved if local farmers grow and market more new apple cultivars. An ex ante version of the Dixit-Pindyck investment model is used to assess how uncertainty and irreversibility associated with adopting the new Pink Lady...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
AOSIS
2004-11-01
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| Series: | South African Journal of Economic and Management Sciences |
| Online Access: | https://sajems.org/index.php/sajems/article/view/1292 |