ECONOMIC EVALUATION OF AQUACULTURE INVESTMENTS UNDER CONDITIONS OF RISK AND UNCERTAINTY IN THE MEDITERRANEAN SEA
Filippo Sgroi1, Salvatore Tudisca1, Anna Maria Di Trapani1 & Riccardo Testa1 Show affiliations
- Department of Agricultural and Forestry Sciences, University of Palermo, Italy
American Journal of Applied Sciences, Volume 11, Issue 9, pp. 1727–1734 · doi.org/10.3844/ajassp.2014.1727.1734
Abstract
This study aims to analyze, from a technical and economic point of view, the choice between alternative investments in aquaculture under conditions of risk and uncertainty. In particular, a comparative analysis has been conducted between an inshore and an offshore farm producing European sea bass in the Mediterranean Sea. The applied model refers to the theory of subjective probability, assigning a different probability to expected incomes during the investment period. Results show an economic convenience of inshore with respect to offshore farming.
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Sgroi, F., Tudisca, S., Trapani, A. M. D. & Testa, R. (2014). ECONOMIC EVALUATION OF AQUACULTURE INVESTMENTS UNDER CONDITIONS OF RISK AND UNCERTAINTY IN THE MEDITERRANEAN SEA. American Journal of Applied Sciences, 11(9), 1727–1734. https://doi.org/10.3844/ajassp.2014.1727.1734
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