The view is taken that institutional factors operating in the international beef market limit the usefulness of a competitive spatial equilibrium model for understanding the process of price formation in the Australian beef market. A simple theoretical model is developed to demonstrate the...

This paper analyses the relationship between monthly observations on farm level and retail level prices of three meats, seven fresh vegetables, five fresh fruits, eggs and cereals over the 1970's. A priori reasoning and results of Sim's casuality tests suggest that in most cases changes in farm...

In the Adelaide whole milk supply area, licensed dairymen are encouraged by higher bonus payments to maintain production during the summer and autumn months. High bonus payments in the late 1950s encouraged dairymen to increase output, but by 1960-61 the Adelaide whole-milk market was...

Prime lamb has not received the same level of economic research as Australia's other major livestock markets and knowledge of the lamb market's operations remains relatively limited. This market has experienced increasing problems including highly variable saleyard prices, strong retail...

In the ORANI general equilibrium model, the supply behaviour of agricultural industries is the crucial element shaping the response of agriculture as a whole to any exogenous shock. In this paper, elasticity formulae which measure agricultural supply behaviour in the model are derived. These...

This paper focuses on some emerging and recurring issues of wool promotion policy. In particular it examines the implications for wool promotion of recent developments in raw wool marketing policy. The issues analysed are the relationship between International Wool Secretariat (IWS) promotion...

An accurate knowledge of the supply responsiveness of agricultural exporting industries is crucial if sensible judgements are to be made about diverse policy initiatives, including initiatives having no obvious connection with agriculture. In this paper we compare some recent estimates of...