Sustainability implies a non-degrading use of natural resources in the long term. Property systems, on the other hand, institutionalise existing resource use practices in a fixed timeframe. Where outcomes such as third party effects have not been anticipated, property systems need to be modified...

Since the 1980s Western Australia has developed a significant commercial aquaculture industry, catering both to domestic and overseas markets. However, the limited scale of output, especially in the yabby industry, has been a major constraint on further expansion of sales. Currently, the...

Bugs are an unavoidable aspect of mathematical programming (MP) modelling. In this paper we discuss the prevention and diagnosis of bugs in MP models. The topic is rarely addressed in the literature but is crucial to the success of modelling projects, especially for large models. We argue that...

There has recently been much soul searching among US agricultural economists concerning future directions of the American Agricultural Economics Association. In Australia, however, little direct attention has been paid to the Australian Agricultural Economics Society. Utilising an industrial...

The period under review has seen a resurgence of economic growth in New Zealand with consequent improvements in employment and a turn-around in the fiscal deficit. Inflation has been controlled by strict monetary policy with consequent effects on the TWI. As a result, prices of tradable goods...

This study strengthens the empirical basis for risk analysis by identifying the importance which producers attach to different risk management strategies in New Zealand's deregulated farming environment. A nationwide survey covering eight farm types was conducted. As range of production,...

Most of New Zealand's agricultural and horticultural exports are controlled or influenced in some way by producer boards or licensing authorities. These organisations are creatures of statute, and several of these statutes have been under review in recent years. The reform seeks to take into...

This article evaluates the impact of deregulation on wheat growers. marketers and buyers. An analysis of market structure focuses on the market prior to deregulation, the stimulus for change and the ways in which parts of the wheat marketing chain have developed since deregulation. The change in...

Integrated Catchment Management (ICM) can be viewed as an institutional instrument designed to ameliorate losses of economic efficiency that have arisen due to incomplete specification of the privileges and restrictions attached to property rights. If applied appropriately ICM can facilitate the...