Oil mallees are one of the preferred options to combat dryland salinity in the Western Australian wheatbelt, but their economics are uncertain. We compare three scenarios: on-farm mallee oil production, industrial oil and wood-based electricity production, and a combined oil, electricity and...

As the largest developing economy, China plays a key role in global climate change. Environmentally extended input-output analysis (EE-IOA) is an important and insightful tool seeing widespread use in studying large-scale environmental impacts in China: calculating and analyzing greenhouse gas...

A bioeconomic model of reservoir aquaculture in northern Vietnam is used toinvestigate the impacts of price and yield risk on the level, variability and skewness ofexpected net revenue and utility. Prices and yields are assumed to follow lognormaland beta distributions, respectively. Net revenue...

Institutions for use of natural resources, including water resources, typically encompass assignments of property rights to various levels of government, private entities and commonproperty organisations. Institutional reform often involves a change in these property rights, such as devolution...

By design, tenders are used when costs are unknown. But if costs are unknown, how can we evaluate the tenders, when their evaluation involves measuring their cost-effectiveness? We identify three approaches: theoretical, empirical and experimental. We first use experimental data to compare the...

Modelling complex systems such as multiple-use reservoirs can be challenging. A legitimate question for scientists and modellers is how best to model their management under uncertain rainfall. This paper studies whether it is worth using a stochastic model that requires more effort than a much...

Building on available theory, this work uses controlled laboratory experiments to investigate the budgetary and the economic performance of competitive tenders for allocating conservation contracts to landholders. Experiments have been replicated in two different countries to check for...

The indirect benefits of a commercial tree crop for greenhouse gas and groundwater recharge abatement are analysed. Oil mallees are introduced into a whole-farm linear programming model as a source of income, an offset to greenhouse gas emissions from the mixed sheep and cropping enterprises and...

A bioeconomic model of reservoir aquaculture in northern Vietnam is used to investigate the impacts of price and yield risk on the level, variability and skewness of expected net revenue and utility. Prices and yields are assumed to follow lognormal and beta distributions, respectively. Net...

Policy makers aiming to get private landholders to provide non-marketed environmental services need to provide efficient economic incentives. Two ideas have been explored to achieve this: linking contract payments to environmental outcomes and putting the contracts up for tender. This paper...