In a conservation auction there are many possible influences on bid prices. This paper considers a range of factors that influenced the bids submitted to the Queensland Government's Vegetation Incentives Program (VIP). The relationships between total bid price and a variety of variables are...

Effective climate policy requires global emissions of greenhouse gases to be cut substantially, which in energy sectors can be achieved by lower emissions supply technologies, greater energy use efficiency, and substitution in demand. For policy to be efficient requires fairly uniform, pervasive...

The year 2006 marked the twentieth anniversary of the introduction of the Quota Management System (QMS) in New Zealand fisheries management. This major institutional change made individual transferable quota (ITQ) the quantitative authority for commercial fisheries catches, leading structural...

Australian economic modelling of policy options to reduce greenhouse gas emissions has to date given little attention to (i) crafting policy scenarios that use emissions revenues to target significant existing tax distortions, (ii) quantifying the effects of policy on the price and affordability...

Adaptive governance is a concept from institutional theory that deals with the evolution of institutions for the management of shared assets, particularly common pool resources and other forms of natural capital. This paper is the first of a set of four papers on adaptive governance, providing a...

Ethanol production is increasingly commonplace in many grain producing regions. This paper uses the grain producing region of Western Australia as a case study to illustrate how the location and size of an ethanol plant affects its grain accumulation costs. Specifically, this study examines how...

Between 1990 and 2004 the value of world trade increased by 110% whereas the value of exports from New Zealand's land based sectors expanded by only 51%. This paper examines New Zealand's performance using shift share analysis. According to this framework, the main cause of this slow export...

Meshed with the bio-physical and economic dimensions of rural land-use is a social dimension. Understanding the social and economic dimension of rural communities is critical if agencies are to develop effective policies and programs to improve natural resource outcomes. In this paper, we draw...

Our current methods of analysing policies and the distributions of wealth insure that society is on an efficient frontier. This is not the same as a social optimum. To choose the optimal point on the frontier we need a social welfare function. Following the ordinal revolution in demand theory, a...

Using experimental economics tools this paper is testing one of the potential pitfalls in the renewable energy certificates (RECs) market in Australia. Stylised experiment highlighted that sellers' knowledge of the existence of the penalty to buyers for non compliance with mandatory requirements...