{"id":"https://openalex.org/W944069152","doi":null,"title":"The conversion of farm land to short rotation coppice - an application of the real options approach.","display_name":"The conversion of farm land to short rotation coppice - an application of the real options approach.","publication_year":2010,"publication_date":"2010-01-01","ids":{"openalex":"https://openalex.org/W944069152","mag":"944069152"},"language":"de","primary_location":{"id":"pmh:oai:publications.goettingen-research-online.de:2/182089","doi":null,"is_oa":false,"landing_page_url":"https://resolver.sub.uni-goettingen.de/purl?gro-2/182089","pdf_url":null,"source":{"id":"https://openalex.org/S7407055187","display_name":"GRO","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5065602681","display_name":"Oliver Mu\u00dfhoff","orcid":"https://orcid.org/0000-0002-3746-623X","observed_orcids":["https://orcid.org/0000-0002-3746-623X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Oliver Mu\u00dfhoff","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5057204505","display_name":"K. Jerchel","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"K. Jerchel","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.9885,"has_fulltext":false,"cited_by_count":5,"citation_normalized_percentile":{"value":0.84061407,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"181","issue":null,"first_page":"175","last_page":"187"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9243000149726868,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9243000149726868,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12003","display_name":"Bioenergy crop production and management","score":0.0737999975681305,"subfield":{"id":"https://openalex.org/subfields/1102","display_name":"Agronomy and Crop Science"},"field":{"id":"https://openalex.org/fields/11","display_name":"Agricultural and Biological Sciences"},"domain":{"id":"https://openalex.org/domains/1","display_name":"Life Sciences"}},{"id":"https://openalex.org/T11805","display_name":"Agricultural economics and policies","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/short-rotation-coppice","display_name":"short rotation coppice","score":0.9549999833106995},{"id":"https://openalex.org/keywords/real-options","display_name":"real options","score":0.9070000052452087},{"id":"https://openalex.org/keywords/set-aside-land","display_name":"set-aside land","score":0.6859999895095825},{"id":"https://openalex.org/keywords/sandy-soil","display_name":"sandy soil","score":0.5690000057220459},{"id":"https://openalex.org/keywords/investment-under-uncertainty","display_name":"investment under uncertainty","score":0.5199999809265137},{"id":"https://openalex.org/keywords/sunk-costs","display_name":"sunk costs","score":0.5740000009536743},{"id":"https://openalex.org/keywords/temporal-flexibility","display_name":"temporal flexibility","score":0.6470000147819519},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.6349999904632568},{"id":"https://openalex.org/keywords/farmers-decision-making","display_name":"farmer decision-making","score":0.5049999952316284}],"concepts":[{"id":"https://openalex.org/C2780519961","wikidata":"https://www.wikidata.org/wiki/Q15040655","display_name":"Short rotation coppice","level":4,"score":0.9153043031692505},{"id":"https://openalex.org/C103017160","wikidata":"https://www.wikidata.org/wiki/Q1360410","display_name":"Coppicing","level":3,"score":0.9119420647621155},{"id":"https://openalex.org/C2778019707","wikidata":"https://www.wikidata.org/wiki/Q1453329","display_name":"Short rotation forestry","level":4,"score":0.8343614339828491},{"id":"https://openalex.org/C54286561","wikidata":"https://www.wikidata.org/wiki/Q397350","display_name":"Agroforestry","level":1,"score":0.650790274143219},{"id":"https://openalex.org/C74050887","wikidata":"https://www.wikidata.org/wiki/Q848368","display_name":"Rotation (mathematics)","level":2,"score":0.4809629023075104},{"id":"https://openalex.org/C39432304","wikidata":"https://www.wikidata.org/wiki/Q188847","display_name":"Environmental science","level":0,"score":0.4792730510234833},{"id":"https://openalex.org/C2775966360","wikidata":"https://www.wikidata.org/wiki/Q720362","display_name":"Silviculture","level":2,"score":0.44223397970199585},{"id":"https://openalex.org/C502990516","wikidata":"https://www.wikidata.org/wiki/Q3395383","display_name":"Agricultural land","level":3,"score":0.4243106544017792},{"id":"https://openalex.org/C4792198","wikidata":"https://www.wikidata.org/wiki/Q1165944","display_name":"Land use","level":2,"score":0.4183160662651062},{"id":"https://openalex.org/C97137747","wikidata":"https://www.wikidata.org/wiki/Q38112","display_name":"Forestry","level":1,"score":0.3886595070362091},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.3873075842857361},{"id":"https://openalex.org/C88463610","wikidata":"https://www.wikidata.org/wiki/Q194118","display_name":"Agricultural engineering","level":1,"score":0.3749927580356598},{"id":"https://openalex.org/C128758860","wikidata":"https://www.wikidata.org/wiki/Q757163","display_name":"Woody plant","level":2,"score":0.3587408661842346},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2134876549243927},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.19815418124198914},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.11481824517250061},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.10197272896766663},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:publications.goettingen-research-online.de:2/182089","doi":null,"is_oa":false,"landing_page_url":"https://resolver.sub.uni-goettingen.de/purl?gro-2/182089","pdf_url":null,"source":{"id":"https://openalex.org/S7407055187","display_name":"GRO","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:publications.goettingen-research-online.de:2/18990","doi":null,"is_oa":false,"landing_page_url":"https://resolver.sub.uni-goettingen.de/purl?gro-2/18990","pdf_url":null,"source":{"id":"https://openalex.org/S4306401634","display_name":"GoeScholar  The Publication Server of the Georg-August-Universit\u00e4t G\u00f6ttingen (Georg-August-Universit\u00e4t G\u00f6ttingen)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210122495","host_organization_name":"Asklepios Klinik St. Georg","host_organization_lineage":["https://openalex.org/I4210122495"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"},{"id":"mag:944069152","doi":null,"is_oa":false,"landing_page_url":"https://www.cabdirect.org/cabdirect/abstract/20103380912","pdf_url":null,"source":{"id":"https://openalex.org/S54233716","display_name":"Allgemeine Forst- und Jagdzeitung","issn_l":"0002-5852","issn":["0002-5852"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["jufo-1","norway-1","poland-20","russia-white-list-4"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Allgemeine Forst- und Jagdzeitung","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/2","display_name":"Zero hunger","score":0.5666999816894531}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2126045200","https://openalex.org/W2041363504","https://openalex.org/W2270756461","https://openalex.org/W2004937137","https://openalex.org/W4401220666","https://openalex.org/W3211273138","https://openalex.org/W7100364833","https://openalex.org/W1534171314","https://openalex.org/W2546630158","https://openalex.org/W3007357783"],"abstract_inverted_index":{"Decision-makers":[0],"often":[1],"do":[2],"not":[3,197],"adapt":[4],"as":[5,7],"fast":[6],"it":[8,225],"might":[9],"be":[10,137],"ostensibly":[11],"expected":[12],"to":[13,28,56,76,128,187],"changed":[14],"economic":[15,34],"conditions":[16],"This":[17,146],"is":[18,53,85,124],"also":[19],"the":[20,23,46,86,101,106,110,114,120,129,133,155,160,200,204,208,218,229,232,239,246,253],"case":[21],"for":[22],"conversion":[24,223],"of":[25,36,103,113,119,157,162,175,203,231,248],"farm":[26,51],"land":[27,52,186],"short":[29,38,188],"rotation":[30,39,189],"coppice":[31,40,190],"From":[32],"an":[33],"point":[35],"view":[37],"has":[41],"become":[42],"more":[43],"interesting":[44],"in":[45,74,222],"last":[47],"few":[48],"years":[49],"Nevertheless":[50],"rarely":[54],"converted":[55],"this":[57,78],"quite":[58],"unknown":[59],"crop":[60],"Several":[61],"explanatory":[62,83],"approaches":[63],"(e":[64],"g,":[65],"traditionalistic":[66],"behavior":[67,79],"and":[68,109,238],"risk":[69],"aversion)":[70],"are":[71],"currently":[72],"discussed":[73],"order":[75],"explain":[77],"A":[80],"relatively":[81],"new":[82],"approach":[84,89,93,123,242],"real":[87,91,121,150,240],"options":[88,92,122,151,241],"The":[90,117,191],"uses":[94],"a":[95,149],"comprehensive":[96],"dynamic-stochastic":[97],"model":[98,152],"which":[99,153],"combines":[100],"uncertainty":[102],"investment":[104,115,131,134,205,209,236,254],"returns":[105,206,255],"sunk":[107],"costs":[108,145,210],"temporal":[111],"flexibility":[112],"implementation":[116],"quintessence":[118],"that":[125,194,228,251],"-":[126],"compared":[127],"classical":[130,235],"theory":[132,237],"triggers":[135,158],"will":[136],"shifted":[138],"upwards":[139],"if":[140],"investments":[141],"involve":[142],"intertemporal":[143],"opportunity":[144],"paper":[147],"develops":[148],"allows":[154],"determination":[156],"on":[159,245],"basis":[161],"realistic":[163],"assumptions":[164],"(see":[165,212],"Table":[166,213],"1)":[167,214],"We":[168],"examined":[169],"when":[170],"farmers,":[171],"who":[172],"only":[173],"dispose":[174],"sandy":[176],"soils":[177],"with":[178],"little":[179],"water":[180],"storing":[181],"capacity":[182],"should":[183,196],"convert":[184,198],"set-aside":[185],"results":[192],"show":[193],"farmers":[195],"until":[199],"present":[201],"value":[202],"exceeds":[207],"considerably":[211],"Thus":[215],"they":[216],"confirm":[217],"empirically":[219],"observed":[220],"reluctance":[221],"Furthermore":[224],"turned":[226],"out":[227],"magnitude":[230],"difference":[233],"between":[234],"depends":[243],"heavily":[244],"type":[247],"stochastic":[249],"process":[250],"underlies":[252]},"counts_by_year":[{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":2}],"updated_date":"2026-11-06T12:05:46.655746","created_date":"2016-06-24T00:00:00"}