A Real Options Analysis of Coffee Planting in Vietnam

Preprint OPEN
Luong, Quoc; Tauer, Loren W.;
(2004)
  • Subject: Vietnam, coffee, real options, price uncertainty, irreversibility, investment, abandonment., Crop Production/Industries,

Vietnam grew from an insignificant to the world’s second largest coffee producer during the 1990s. To understand this growth, this paper examines Vietnamese coffee growers’ investment decisions using real options theory. The study finds that producers, with variable cos... View more
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