On 20 February 2002 the Parliamentary Secretary to the Treasurer referred harbour towage and related services to the Commission for inquiry and report. The Commission was to report on: the impact of structural reforms, other measures that could be taken to increase the level of competition in...

This paper deals with the analytical and graphical representation of the bifurcations appearing from the adjustment dynamics of a 2- player Cournot duopoly, proposed by Puu (1997). We establish admissibility conditions on the initial state of the adjustment dynamics and visualize the dynamics in...

The strong sequential core for two-stage economies with a possibly incomplete set of assets in period zero and trade in commodities in period one consists of those goods allocatioans that are in the classical core and moreover, after realization of the state of nature, in the endowments. The...

The financial performance of government trading enterprises is assessed in this report. The financial indicators and ratios used in the report cover operating performance, financial management and transactions with government. The paper covers 84 Commonwealth, State and Territory government...

A framework for economic analysis based on matrix algebra.

This paper presents a dynamic programming (DP) model of an electric utility's optimal policy for operating a nuclear power plant (NPP). The utility chooses the level of capacity utilization of the NPP as a function of signals about the NPP's current operating state. In each period the utility...

Economic theories of rational addiction aim to describe consumer behavior in the presence of habit-forming goods. We provide a biological foundation for this body of work by formally specifying conditions under which it is optimal to form a habit. We demonstrate the empirical validity of our...

In 1999, the Commonwealth Government referred legislation and associated regulations relating to the architectural profession to the Productivity Commission for inquiry and report within nine months. The reference was sent on behalf of the governments of the Northern Territory, the Australian...

About 80\% of all societies recorded by anthropologists are polygynous (men have many wives). Even our own society is less monogamous than claimed. This paper attempts to explain such mysteries as why bride prices and dowries are not ``opposites'', why polygamous societies are usually...

In this paper we analyze the correlation between measures of success (number of recordings, artistic income) over a sample of performing musicians. We obtain that women tend to record more than men but earn less artistic income; measures of success are correlated positively with broad measures of...