Profit function models for the three major regions in which the Australian sheep industry operates are specified and estimated. The supply response elasticity estimates are made using a normalised quadratic functional form and time series cross-sectional data. Elasticity estimates, together with...

Standard spatial equilibrium activity analysis models, as developed by Takayama and Judge (1971), are based on linear supply and demand functions and fixed input-output coefficients. Such models are suitable for multiple market level trading systems where the fixed input-output coefficients are...

Weeds and fungal diseases cause significant losses to grain crops in Australia. In many cases cultural methods of control are effective. However, it is often difficult for farm decision-makers to select the optimum crop rotation, from an economic point of view, given the technical constraints...

Most of the supply elasticity estimates reported for Australian agriculture are derived from equations estimated using time series data and incorporating ad hoc assumptions about price expectations. The authors' aim is to compare previously obtained supply elasticity estimates with those derived...

The process by which producers form expectations has implications for model building and policy analysis. An econometric model of the Australian wool market is estimated. It is shown that the rational expectations hypothesis is not inconsistent with the data for both the period before the floor...

Current international frameworks including the Kyoto Protocol and the recently agreed Asia Pacific Partnership on Clean Development and Climate are examined in this paper along with their capacity to mitigate emissions growth. The Partnership shows potential to reduce growth in greenhouse gas...