The efficiency implications of different property right allocations when two environmental goods can be produced under the condition of economies of scope are analysed. It is assumed that an environmental agency – acting on behalf of the community – employs an auction‐based mechanism to...

The efficiency implications of different property right allocations when two environmental goods can be produced under the condition of economies of scope are analysed. It is assumed that an environmental agency – acting on behalf of the community – employs an auction‐based mechanism to...

The present paper proposes that markets for nature conservation on private land are missing because of the problem of asymmetric information. An auction of conservation contracts was designed to reveal hidden information needed to facilitate meaningful transactions between landholders and...

There is pressure in Australia for water management reform to ensure an efficient allocation of resources between productive uses and to provide adequate conservation of the environment. The establishment of water markets and trade has been seen as the primary mechanism for improving the...

Improving the conservation status of remnant native vegetation on private property (RNV) has a number of economic benefits. RNV can contribute to on-farm productivity through provision of unimproved grazing, timber products and stock shelter. It may contribute to enhancing the productivity of...

Sugar cane farms are the single biggest user of irrigation water in Queensland. Recent drought and unreliable rainfall patterns in areas traditionally reliant on rainfall for crop production has resulted in increasing interest in, and adoption of supplementary irrigation to help underpin...

The soil acidity research and extension program in Western Australia is made up of a number of projects, all of which are working towards the overall aim of helping farmers to manage soil acidity profitably. As a means of achieving this aim scientists are undertaking research to provide...

In this paper, a bioeconomic model is used to investigate possible externalities imposed by forestry on giant-clam farming in Solomon Islands. This is of economic interest due to the rapid expansion of forestry in that country and the potential for mariculture to become an important source of...

Ecologists frequently note the importance of modelling entire ecosystems rather than single species, but most bioeconomic models in the current literature focus on a single species. While the mathematical difficulty of multiple species may quickly become overwhelming, sometimes making the single...

Many economists and policy makers have begun to question the efficacy of water reforms that rely on markets as the principal mechanism for allocating the resource to its highest value use. One of the principal concerns in this regard has been the relative paucity of permanent trades despite ex...