Generalised travel-cost models were specified for the repeatable measurement of the economic value of recreation in Parks. Valuations of recreational use have been undertaken for approximately 30 metropolitan parks in Melbourne and 35 National Parks and other sites in rural Victoria. Zonal...

Models of technical parts of farm systems have proliferated over the past decade. In this paper, the difference between the decision-information deriving from the farm management economic analysis that is included in a technical systems model, and the results derived from analysing the technical...

The standard analytical approaches and methods of farm management economics are simple, sensible and powerful. Still, examples of inappropriate nonsensical, approaches to farm management economics questions proliferate. In this paper, the focus is on some inappropriate, nonsensical, approaches...