We conduct models and tests to ascertain whether there are speculative bubbles and which factors contribute to the bubbles if there exits one. In the model, we use the option value to represent the investment value of farm real estate and compare the option value, calculated from dynamic...

This paper suggests a new approach to econometrically estimate parameters of multi-level Constant Elasticity of Transformation (CET) functional forms which are widely used in developing Computable General Equilibrium (CGE) models. An illustrative CET functional form is estimated using the...

A two-stage sample of airphoto prints and point sampling was used to examine changes in land use patterns in 53 selected counties that had grown rapidly and substantially in population between 1960 and 1970. Point sampling, 20 points per square mile, was used on a sample of airphoto prints...

Two choice modelling studies in Australia were designed to test for the effects of variations in geographic scale and scope on WTP values. One case study assessed values for improved natural resource management in a river catchment, and the other assessed values for improved protection of the...

Botswana’s average economic growth rate of about 8 per cent during 1985-2005 is one of highest in the world. A major contributor of this growth was mining which, in 2005/06, had a 41.4 per cent share of GDP. Various government welfare and empowerment programmes indicate that redistribution of...

Presents information forest geneticists need about applied mathematics, statistics, population biology, and genetics in order to design breeding programs. College-level training in mathematics, statistics, and genetics is required to understand most of the book.

The use of economic analysis to aid farm input investment decisions has been contentious because of observed flatness of economic response in the region of the optimum input. In this paper an application of a crop simulation model, to specify the production response, in conjunction with...

The occurrence of low night temperatures during reproductive development is one of the factors most limiting rice yields in southern Australia. Yield losses due to cold temperature are the result of incomplete pollen formation and subsequent floret sterility. Researchers have found that in 75%...