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R. G. Gregory's article on the effects of mineral discoveries on the Australian economy (Australian Journal of Agricultural Economics, August 1976) has attracted much attention. While the partial-equilibrium nature of his model has enabled it to be absorbed readily, it has the usual theoretical...
Persistent link: https://www.econbiz.de/10005525529
The effects of mining sector growth are analysed with a five-sector general equilibrium model. The effect of the mineral discoveries is to cause the agricultural sector to contract, but to cause the import-competing sector to expand by a small amount--a result which differs from Gregory's (1976)...
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Public utilities which apply roughly uniform prices to all consumers often engage in cross-subsidisation - charging prices which are below cost for consumers in low population density areas but above cost for consumers in high density areas. The distributional and allocative implications of this...
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Agricultural economists need to evaluate their own research priorities. The main difficulty in doing so is to value the types of information generated by economic research. Bayesian decision theory provides a framework for valuing information, and the results of selected studies using this...
Persistent link: https://www.econbiz.de/10005525504
There has been a low level of methodological controversy within the Australian agricultural economics profession. Johnson's 1963 paper is the most significant and in it he passed criticisms on agricultural production economists not unlike those currently being made by political economists of...
Persistent link: https://www.econbiz.de/10005525512
In this paper, a model is presented which shows the relationship between country grain storage costs and transport bottlenecks that exist in the harvest period. It is shown that transport bottlenecks limit the amount of grain that can be transported from receival points in the peak receival...
Persistent link: https://www.econbiz.de/10005525525
Blarney, Common and Quiggin (1995) (BCQ) suggest that responses to contingent valuation (CV) questionnaires may be framed either according to the extent of individual benefits received, or according to wider views about ethical frameworks, impacts on other people, or desired societal levels....
Persistent link: https://www.econbiz.de/10005525528