This is the third of a series of papers examining the potential economic effects from the introduction of a hypothetical low cholesterol pork product into the Australian market. Here, a newly updated pig meat model reported by Griffith et al. (2010) is used to model the industry wide impacts of...

This paper is a summary of some of the considerations involved in applying an existing model to a new problem, in particular in deciding whether to update or not, and some of the issues involved in interpreting the output from the new application. Thus where you start from does influence where...

Economic illiteracy is abundant in farm management analysis. Failure to understand that economics is the core discipline of farm-management analysis and failure to apply the whole-farm approach leads to wrong questions being asked and wrong answers being given. The power of economic thinking is...