Choice Experiments Informing Environmental Policy – An European Perspective, edited by Ekin Birol and Phoebe Koundouri. Published by Edward Elgar, Cheltenham, UK, 2008, pp. xxii + 324, ISBN 1 84542 725 2.

One approach to rationalising policies for addressing potentially catastrophic climate change when such policies may prove unnecessary is to suppose the policies provide a form of social insurance even in the presence of pure uncertainty. Then, provided the policies are effective, such insurance...

It is likely that climate change will be associated with reductions in inflows of water to the Murray–Darling Basin. In this study, we analyse the effects of climate change in the Murray–Darling Basin using a simulation model that incorporates a state-contingent representation of...

This note analyses the design of agri-environmental schemes for risk-averse producers whose input usage is only observable by costly monitoring. The scheme penalises producers in proportion to input use in excess of a quota. A striking result is that if the scheme is designed in such a way that...

There is a growing concern that increased nutrient and sediment runoff from river catchments are a potential source of coral reef degradation. Degradation of reefs may affect the number of tourists visiting the reef and, consequently, the economic sectors that rely on healthy reefs for their...

A recent paper by Hardaker et al. (The Australian Journal of Agricultural and Resource Economics, 48, 2004a, 253) and book by Hardaker et al. (Coping with Risk in Agriculture, 2004b) describe a procedure for determining an efficient set from among a set of random alternatives. This procedure,...

Review for: Politics and the Environment: Risk and the Role of Government and Industry, by Michael Howes. Published by Allen and Unwin, Crows Nest, Australia, 2005, pp. xxxiv + 218, ISBN 9781741142167 (pbk), $39.95