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Australian wool producers have been slow to adopt price risk management strategies to stabilise the income from their … wool sales. The highly volatile auction system accounts for 85% of raw wool sales while the remainder is sold by forward … adoption of price risk management strategies (specifically futures and forward contracts) for selling raw wool. Consideration …
Persistent link: https://www.econbiz.de/10009445104
A conservative ex-ante assessment of supply-shift gains alone (excluding social and environmental gains), shows that the investment in zero tillage (ZT) R&D by the Rice-Wheat Consortium and CIMMYT was highly beneficial with a benefit-cost ratio of 39, a net present value of US$ 94 million and an...
Persistent link: https://www.econbiz.de/10009442463
In this article, the potential impacts of Bt eggplant technology in Indian agriculture are analyzed. Several proprietary Bt hybrids are likely to be commercialized in the near future. Based on field trial data, it is shown that the technology can significantly reduce insecticide applications and...
Persistent link: https://www.econbiz.de/10009444931
Cointegration analysis and an Error Correction Model are used to estimate aggregate seafood import demand functions for selected Caribbean countries. The results show that seafood import demand is price elastic. Exchange rate has a negative effect on seafood import quantity. Income and tourist...
Persistent link: https://www.econbiz.de/10009446527
General financial models have become workhorse models in the fields of macroeconomics and finance. These models have been developed and extensively studied by general equilibrium theorists. What makes them so applicable for macroeconomics and finance is the well accepted fact that models with a...
Persistent link: https://www.econbiz.de/10009439043
We quantify the effect of financial leverage on stock return volatility in a dynamic general equilibrium economy with debt and equity claims. The effect of financial leverage is studied both at a market and a firm level where the firm is exposed to both idiosyncratic and market risk. In a...
Persistent link: https://www.econbiz.de/10009441057
This paper studies the causes and consequences of racial segregation using a new general equilibrium model that treats neighborhood compositions as endogenous. The model is estimated using unusually detailed restricted Census microdata covering the entire San Francisco Bay Area, and in...
Persistent link: https://www.econbiz.de/10009444158
The current obesity crisis in the United States is generating numerous alternative policy options for combating the problem. One alternative that has been widely proposed is an excise or sales tax on sugar-sweetened non-alcoholic beverages. This literature started out within a very simple...
Persistent link: https://www.econbiz.de/10009444570
This paper first describes the new literature in environmental economics on the socalled "double dividend" and then explores its implications for a broad range of economic issues. The basic finding in this literature is that in a second-best, general equilibrium setting, environmental measures...
Persistent link: https://www.econbiz.de/10009445466
This paper explores the interactions between taxes on work-related traffic congestion and pre-existing distortionary taxes in the labor market. A congestion tax raises the overall costs of commuting to work and discourages labor force participation at the margin, when revenues are returned in...
Persistent link: https://www.econbiz.de/10009445501