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

We formally assess competitive buying and selling behavior in the Australian grains and oilseeds industries using a more realistic empirical model and a less aggregated data set than previously available. We specify a duality model of profit maximization that allows for imperfect competition in...

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

The data used, and the methods and assumptions fundamental to the development of an equilibrium displacement model (EDM) of the Australian sheep and wool industries specified in Mounter et al. (2007), are contained in this report. The national sheep flock is disaggregated into Merino and...

Around $100 million has been spent annually on R&D and promotion in the Australian red meat industries in recent years. The R&D investments are made throughout the production, processing and marketing chain in both the grass and grain finished sectors. Promotion investments are made in both...

This report documents the specification of an equilibrium displacement model (EDM) of the Australian sheep and wool industries. The model is capable of estimating and comparing the potential benefits from R&D and generic promotion investments, and other policy changes, in the different sectors...

Our objective in this paper is to review the origins and main points of theories of firm behaviour used in economic theory and strategic management, with particular reference to the food marketing chain. We argue that while neoclassical economics may provide a robust framework in which to...

Australian broadacre agriculture is typified by strong cross-commodity relationships, where sheep and cattle grazing enterprises compete for pasture and both compete with wheat and other crops for land. Further, some commodities produced by multi-product farms are also used in the production of...

Wool tenderness is a significant problem in Australia, especially in areas where sheep graze under highly seasonal conditions. In this study, a duality-based modeling framework is implemented to assess the economic impact of staple strength-enhancing research on the profits of Australian...

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...