Publications
NIBIOs employees contribute to several hundred scientific articles and research reports every year. You can browse or search in our collection which contains references and links to these publications as well as other research and dissemination activities. The collection is continously updated with new and historical material.
2016
Authors
Agnar Kvalbein Arne Tronsmo Anne Mette Dahl Jensen Karin Juul Hesselsøe Trygve S. Aamlid Maria StrandbergAbstract
No abstract has been registered
Authors
Mogens Lund Jørgen Dejgård JensenAbstract
The aim of the article is to identify and analyse public-private incentives for the development and marketing of new animal vaccines within a real options methodological framework, and to investigate how real options methodology can be utilized to support economic incentives for vaccine development in a cost-effective way. The development of a vaccine against Campylobacter jejuni in poultry is applied as a case study. Employing the real options methodology, the net present value of the vaccine R&D project becomes larger than a purely probabilistic expected present value throughout the different stages of the project − and the net present value becomes larger, when more types of real options are taken into consideration. The insight from the real options analysis reveals opportunities for new policies to promote the development of animal vaccines. One such approach might be to develop schemes combining stage-by-stage optimized subsidies in the individual development stages, with proper account taken of investors’/developers' economic incentives to proceed, sell or cancel the project in the respective stages. Another way of using the real options approach to support the development of desirable animal vaccines could be to issue put options for the vaccine candidate, enabling vaccine developers to hedge against the economic risk from market volatility.
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Authors
Biancha CavicchiAbstract
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Authors
Gudbrand Lien Subal Chandra Kumbhakar J. Brian HardakerAbstract
Empirical studies have often shown wide differences in productivity among firms. Although several studies have sought to identify factors causing such differences, only a few studies have examined the effects of risk and risk aversion on productivity. In this study, using Norwegian dairy farming data for 2009, we examined the effects of different aspects of risk on productivity. We used a range of variables to construct indices of risk taking, risk perception and risk management. These indices were then included as arguments in an input distance function which represents the production technology. Our results show that these risk indices did affect productivity. Regional differences in productivity, though small, were also found to exist, suggesting that unobserved edaphic factors that differ between regions also affected productivity.
Authors
Krishna Reddy Kakumanu Kuppannan Palanisami Pramod Kumar Aggarwal Coimbatore Ramarao Ranganathan Sekhar Udaya NagothuAbstract
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Authors
Gry AlfredsenAbstract
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Authors
Sjur Spildo PrestegardAbstract
No abstract has been registered