This paper examines the historical record of UK house prices to establish if there is evidence to suggest that there have been significant changes in the prices of houses. It does this be examining a measure of affordability. This is defined as the average UK house price over the Average wage....

There are significant differences in the way water rights are defined, allocated and administered in Australia and overseas. This paper includes comparisons of the arrangements for managing water rights against accepted best practice principles for South Au stralia, Queensland, NSW, Victoria...

This paper was one input to the Australian Government’s decision to remove tariffs on imports from the least developed countries. The Commission’s analysis suggests that removing tariffs on imports from these countries could significantly boost imports from these countries, particularly of...

The need to develop securities market has, following the recent international financial crises, increasingly attracted the attention of national and international policy makers. Never before have developed and developing countries shared such a strong interest in ensuring the stable growth of...

This is a commentary on Vernon Smith's contributions to experimental economics