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Persistent link: https://www.econbiz.de/10010921427
Oversupply has posed a number of problems for the Australian wine industry in recent times. When disaggregated from the industry level, however, the problem can be better described as a range of attribute-specific disequilibria. To date, solutions to this problem have predominantly revolved...
Persistent link: https://www.econbiz.de/10004989476
This paper seeks to investigate the interaction between favoritism and allocative efficiency. The issue of whether corruption distorts allocative efficiency in a bribery game under a pre-existing environment of alleged favoritism is considered. It is demonstrated that if there is no unambiguous...
Persistent link: https://www.econbiz.de/10005807488
Australia has long been a major exporter of wheat, a commodity well suited to the economic and climatic conditions of Australia. According to the conventional wisdom, Australia holds a comparative advantage in wheat. However, the future validity of this proposition is sensitive to the proposed...
Persistent link: https://www.econbiz.de/10008508726