The extent by which expected tax payments are increased by income variance is discussed in the New Zealand setting. The cases of both normal and rectangular distributions of income are examined. The absolute magnitude of the expected extra tax for income fluctuation is lower than was expected....

The concept and measurement of the cost of capital is developed to include particularly the role of taxation in investment behaviour. The relative importance of factors influencing investment in plant and machinery is examined for five sectors which make up the broadacre industry of Australia....

Being asked to comment on Chapter 8 of the Report, presented us with an awkward problem. It is, in a sense, difficult not to be unfair to the Group in any critical and in-depth review of the issues and options raised: or indeed, if a similar approach is taken to issues and options not raised in...

Most foodstuffs have quality attributes that are difficult to determine prior to purchase. Thus quality assurance is an inherent problem in food exporting. Private quality assurance can succeed if exporters can credibly signal that they have much to lose from cessation of purchases. If exporters...

There has been increasing scrutiny of government policy decisions and advice in recent years. The supremacy of the national interest has been questioned and self interest theories explored. Administrative systems have been reformed, and the role of the Westminster model of government...

The Report commenced, appropriately, by addressing the federal contract within which Australian agricultural policy is set. The Australian Constitution limits what can be done by the Commonwealth and State Governments and establishes procedures for settling arguments about where jurisdictions...

Rural depopulation has put in question the economic viability of many rural institutions. This paper discusses a number of the important conceptual issues that need to be considered when examining the economics of one group of rural institutions, namely schools. Measurement of educational output...

The paper presents a model of choice between alternative available jobs in which each job has an uncertain multi-period income prospect. Imperfectly informed expectations as well as job preferences and attitudes to risk determine the choice. The model is used to locate and discuss some problems...