Agriculture plays an important role in the transformation towards a ‘low-carbon’ society. The sector is highly vulnerable to climate variability, and is a significant source of emissions, while at the same time, it has a potential for reducing greenhouse gas (GHG) emissions. Developing...

Paper presented at the 59th Conference of the Australian Agricultural and Resource Economics Society (AARES), Rotorua, 10-13 February 2015

This paper demonstrates the existence of a unique solution of the PMP problem when both observed output quantities and limiting input prices are taken as calibrating benchmarks. This version of PMP avoids the use of a user-determined small positive number ε originally introduced for...

The addition of commodities to financial portfolios and resulting weight adjustments may create volatility linkages between commodity and financial markets, especially during financial crises. Also, biofuel mandates are suspected to integrate agricultural and energy markets. We calculate...

In many Sub Saharan Africa countries, access to electricity to electricity is very low in rural areas. For example in Ghana only 27% of rural households have access. However, extending the grid in these countries faces significant technical and financial constraints and many see decentralised...

Regional employment and population change have displayed considerable spatial disparities within Northern Ireland in recent years. It is important to gain a better understanding of the causes of these spatial disparities to facilitate the development of effective policies to promote economic...

This study explores the strategic pricing behaviors across retail chains for produce products. We adopt a Panel-VAR model to identify the driving factors of retail price variation and find that retail price history, competition, product cost are among the key drivers of retail price change....

A test of the adding up condition in demand systems is crucial for determining whether a share format is admissible when the number of sample goods is smaller than the number of commodity choices available to consumers. This test requires the estimation of a demand system in a quantity format....

Price risk in a mathematical programming framework has been confined for a long time to a constant risk aversion specification originally introduced by Freund in 1956. This paper extends the treatment of risk in a mathematical programming framework along the lines suggested by Meyer (1987) who...