Harold Hotelling proposed the first method for non-market valuation. Most of us believe this is the Travel Cost Method. In this paper I argue that the first method is from Hotelling's seminal study on the extraction of exhaustible resources. The first method is dynamic optimisation as applied to...

Following the reforms of doi moi, household farms in Vietnam are being affected by policies which are implementing land, financial and trade reforms. The nature of agriculture in Vietnam is such that household farms operate within and are constrained by the activities of their location within a...

Australian crop and livestock farmers face uncertain climate change and variability and a challenge for adaptation decisions. These decisions can be (1) adjustments to practices and technologies, (2) changes to production systems, or (3) transformation of industries, for example, by relocation...

A bioeconomic model of reservoir aquaculture in northern Vietnam, called BRAVO, is presented. The biological model is based on a conventional von Bertalanffy growth function and the economic model is a net revenue function. The greatest source of costs for the operation are restocking costs (75...

Land-use in Vietnam is an important issue in the future economic growth of the country. There is a long history of many radical changes in land-use policy. Vietnam has become a leading exporter of rice (its main agricultural crop) and thus is subject to the variability of world prices. An...