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In this paper we review some recent studies of the impact of National Competition Policy on rural Australia. National Competition Policy has tended to assume that both domestic and international deregulation of industry leads to a shift from a noncompetitive to a competitive industry structure....
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Many explanations of agricultural technology adoption have either been based loosely on diffusion concepts and have ignored economic factors or have been static economic models that ignore dynamic and spatial aspects of adoption. In this paper we propose a model of adoption which incorporates...
Persistent link: https://www.econbiz.de/10010879982
An optimal stochastic control model of grazing that incorporates both pasture and livestock dynamics is presented. The model is solved numerically using Markov chain approximation methods. Markov chain approximation methods have a number of advantages as a means of solving stochastic optimal...
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We present a computational model of fishing fleet dynamics for the Queensland coral reef line fishery. The model runs in a two dimensional space with agents moving between port and the collection of available reefs. The model of rationality is based on the haystack models of game theory, such...
Persistent link: https://www.econbiz.de/10010914791
Scarcity of water has become a major issue facing many nations around the world. To improve the efficiency of water usage there has been consid- erable interest in recent years in trading water. A major issue in trading water rights is the problem of how an allocation system can be designed in...
Persistent link: https://www.econbiz.de/10010920099