Economic evaluation of climate policy is notoriously dependent on assumptions about time and risk preferences, since reducing greenhouse gas emissions today has a highly uncertain payoff, far into the future. These assumptions have always been much debated. Rather than occupy a position in this...

The dynamics of a population and a resource are investigated in a maximin model based on Brander and Taylor’s stylization of Easter Island, in order to consider the sustainability of the society represented. There are continua of both regular and non-regular maximin solutions, the type...

Recent modelling of the costs and benefits of climate change has renewed debate surrounding assumptions regarding the social discount rate in analysing the impacts of environmental change. Previous literature segments the social discount rate into being influenced by two key factors; the rate of...

This paper presents analysis of the decision-making strategies adopted by respondents when confronted with potential policy options that include changes in both aggregate levels of welfare and equity in distribution. The analysis is based on the results of a choice experiment designed to...

A comprehensive application of the travel cost method (TCM) to the estimation of the recreation use values of Dorrigo and Gibraltar Range National Parks is outlined. As well as providing value estimates that are useful for the development of park acquisition and management policy, the...

Water is increasingly being treated as a tradable commodity. This paper describes our efforts to include water accounts in a multi-regional CGE model. In order to understand the conditions under which water trade might occur, we need to add a number of features to the model and scenarios. These...

Appropriate management and policy responses for dryland salinity vary depending on biophysical and socio-economic conditions, and on the resources in question (water resources, biodiversity, infrastructure, agricultural land, salt-affected land). In this paper we present a framework for...

If markets for nature conservation services are to ensure an efficient supply, property rights need to be well defined, readily defended and tradeable. However, some of these services have ill defined property rights that are costly, if at all possible to defend. This limits the incentives for...