INVESTMENT BEHAVIOR AND ENERGY CONSERVATION

Binary logit and bivariate probit models were used to investigate the investment behavior of farmers relative to two energy-conserving assets, heat-recovery systems and precoolers. The bivariate probit procedure was useful in correcting for self-selectivity bias. Holdout samples and cross-validation procedures were used to develop true model statistics. Farm size, educational level of the operator, and the type of milking system in use were the important factors influencing investment behavior.


Subject(s):
Issue Date:
1990-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/29030
Published in:
Northeastern Journal of Agricultural and Resource Economics, Volume 19, Number 2
Page range:
99-108
Total Pages:
10




 Record created 2017-04-01, last modified 2017-08-24

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