An empirical policy simulation analysis that was performed prior to the adoption of the revised N.Z. wheat pricing arrangements is reported. The analysis was particularly timely as it coincided with, and made an input to, discussions between the various parties attempting to derive an improved...

The market for Australian prime lamb is characterised by high production seasonality and a highly competitive retail demand. Because these factors often translate into substantial market variability, regular forecasts of supply and demand are important requirements of lamb market participants....

Evidence is provided on the extent to which wheat price policies operating over the period 1953-54 to 1983-84 achieved objectives related to the levels and stability of key industry variables. The general findings are that the levels of achievement have been modest and that trade-offs have been...

The degree of pricing efficiency achieved in the retail meat market is reconsidered in this paper. The approach adopted is to develop an economic model of the pricing behaviour of retail butchers, to postulate a behavioural model consistent with the economic model, and to test this model using...

Quarterly data from 1962 to 1983 for beef, lamb, mutton, pig meat and poultry were used to test for constancy in the structure of meat demand in Australia. The cumulative sum, cumulative sum of squares and Farley-Hinich tests were applied to a range of models to ensure that any rejection of...

A preliminary analysis of demand in eight major OECD wool-consuming countries is used to provide up-to-date estimates of price elasticities of demand for wool. Those elasticities are employed to calculate ex ante market prices, assuming no wool price stabilisation in Australia. The computed ex...