Showing 1 - 10 of 82
words “institution” and “institutions” and the different levels at which the two notions are employed. Institutionalism … “institutionalism” and the discipline of economics. The analytical, policy and political implications of the institutionalist approach …
Persistent link: https://www.econbiz.de/10005118890
The paper reviews pastoral lease arrangements across jurisdictions in Australia and the extent to which these affect the emergence of non- pastoral land uses. Some comparisons are also made with pastoral lease arrangements in New Zealand, which has a history and pattern of pastoral lease...
Persistent link: https://www.econbiz.de/10005062514
Multi-unit auctions are promising mechanisms for the reallocation of water. The main advantage of such auctions is to avoid the lumpy bid issue. However, there is great uncertainty about the best auction formats when multi-unit auctions are used. The theory can only supply the structural...
Persistent link: https://www.econbiz.de/10005124870
Released in November 2004, the paper uses TERM-Water, a bottoms-up regional CGE model of the Australian economy, to examine the regional effects of expanding trade of irrigation water in the southern Murray- Darling Basin. The study finds that water trading dampens the impact of water allocation...
Persistent link: https://www.econbiz.de/10005119019
There is an established theoretical and empirical case-study literature arguing that environmental pressure groups have a real impact on pollution levels. Our original contribution to this literature is to provide the first systematic quantitative test of the strength of environmental...
Persistent link: https://www.econbiz.de/10005407808
A review of data collection and interpretation efforts associated with the Swan Falls water rights controversy in Idaho is examined. Both consumptive and nonconsumptive water rights were involved in the dispute. To help quantify the dimensions of the problems facing policymakers, state funding...
Persistent link: https://www.econbiz.de/10005556126
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...
Persistent link: https://www.econbiz.de/10005556157
. The paper looks at the use of auctions as a policy instrument and the effects of auction design on consumer interests, the …
Persistent link: https://www.econbiz.de/10005561841
The Commonwealth Government asked the Productivity Commisison to review cost recovery arrangements across the Government's regulatory,administrative and information agencies,and to develop guidelines for the future application of cost recovery.
Persistent link: https://www.econbiz.de/10005556926
Policy towards speculative bubbles is examined in a model of a finite horizon 'greater fool' bubble, with rational … dynamics and welfare economics to analyze bubble policies. Government policy is modeled as deflating overpriced assets by … revealing information about whether or not the asset is overpriced. It is shown that such a policy tends to improve welfare if …
Persistent link: https://www.econbiz.de/10005550948