This paper reports on an expanded and revised version of the spatial equilibrium model of the Australian dairy industry developed by MacAulay (1997). In the expanded version there is demand for five manufactured products. The transformation from bulk milk to final product is modelled by...

Rainfall during the germination, growing and flowering periods is a major determinant of wheat yield. The degree of uncertainty attached to a wheat-yield prediction depends on whether the prediction is made before or after the rainfall in each period has been realised. Bayesian predictive...

We use a New Empirical Industrial Organisation (NEIO) approach to estimate industry marketing margins for several Australian dairy products. Our model allows for differences in input- and outputmarket conjectural elasticities under the assumption of a fixed proportions production technology....

Recent empirical studies have found significant evidence of departures from competition in the input side of the bread, breakfast cereal and margarine endproduct markets. In this study we specify a general duality model of profit maximisation that allows for imperfect competition in the input...

A flexible functional form can provide a second-order approximation to an arbitrary unknown function at a single point. Except in special cases, the parameters of flexible forms will vary from one point of approximation to another. I use this property to show that, in general, if an unknown...

In this study, meat consumption and socio-demographic data from the 1990, 1993 and 1996 SUSENAS Household Food Expenditure and Consumption Surveys were employed to estimate the demand for meats in Indonesia. The provinces of DKI Jakarta and West Java were chosen as the areas of study because of...

In this paper, the dual approach to ex ante research evaluation in a multiple-input, multiple-output industry is explained and demonstrated. A simplified, illustrative model is developed based on a number of fundamental characteristics of the Australian wool industry and output-augmenting...

A problem with the use of flexible functional forms is that the estimated functions frequently violate the regularity conditions (eg, monotonicity, concavity) implied by economic theory. Sampling theory methods exist for imposing curvature conditions at all non-negative prices, but such methods...