Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 354575
Title Factors underlying the investment decision in energy-saving systems in Dutch horticulture
Author(s) Aramyan, L.H.; Oude Lansink, A.G.J.M.; Verstegen, J.A.A.M.
Source Agricultural Systems 94 (2007)2. - ISSN 0308-521X - p. 520 - 527.
Department(s) Business Economics
LEI Agricultural sector & entrepreneurship
Publication type Refereed Article in a scientific journal
Publication year 2007
Keyword(s) limited dependent-variables - uncertainty - demand - models
Abstract In the Netherlands the greenhouse sector is a major user of energy. It accounts for 7% of the total national energy use and for 79% of the total energy use in agriculture. In order to sustain this sector on the long term, it is important that its use of energy is lowered. One way of reducing energy use by horticultural producers is investing in energy-saving systems. The purpose of this paper is to provide a better understanding of the investment behavior of firm operators in the adoption of energy-saving systems. Research objectives of the paper are (1) to analyze factors underlying the decision to invest, (2) to explore factors underlying the optimal size of investments. Three investment theories were used to construct an empirical model of investment. Consequently, this model was estimated in a two-stage procedure to analyze the factors influencing the decision of farmers to invest and the level of investments. The paper ends with policy implications
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