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Data from a survey of self-service grocery stores in New South Wales and Victoria is used to show that the surface of prices is not well explained by simple price theory. Also examined and tenatively explained are price differences between chain and non-chain stores and between metropolitan and...
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It has been generally agreed that Australia is a price follower on the world wheat market. However, to date, this has not been tested empirically. In this paper a transfer function model between prices of U.S.A. wheat and Australian wheat is set up to examine the existence, if any, of a...
Persistent link: https://www.econbiz.de/10005522629
Most published studies which consider the forecasting of agricultural prices have utilised the econometric technique. In many non-agricultural forecasting situations, the Box-Jenkins technique has been found to be of equal accuracy. This paper compares the forecasting accuracy of the Box-Jenkins...
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Minimum pricing arrangements for grapes taken up by wineries in Australia arc briefly reviewed. A partial equilibrium model is developed to illustrate the implications of such arrangements for income transfers and dead-weight losses in both the grape and wine markets. An attempt is made to...
Persistent link: https://www.econbiz.de/10005480396
A model of fertilizer response is outlined which makes a distinction between conventional fertilizer response curves, and the relationship between product yield and maintenance application of fertilizer. The derivation of optimal fertilizer rates for two enterprises on three soil types is used...
Persistent link: https://www.econbiz.de/10005480453
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This paper classifies methods for estimating agricultural output supply responses to price into two broad categories (1) programming and (2) econometric. The latter category is further subdivided into two-stage procedures, directly estimated supply systems and directly estimated single commodity...
Persistent link: https://www.econbiz.de/10005480464