作者: Daniel J. Cantliffe , John J. VanSickle , Serhat Asci
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摘要: The U.S. fresh winter tomato industry and Mexican production have been engaged in a trade conflict since the early1970s. Given that is highest valued vegetable item, market open for rent seeking actions of importers domestic producers. While try to increase their shares by lowering prices, producers attempt keep as high-valued item at same time avoid any costly investment practices (such greenhouse production). However, competition with push (particularly, Florida) search new opportunities. This paper utilizes net present value real option analysis investigate whether it beneficial Florida invest methods stay competitive during season.