Analysing Vietnam's rice export policy and recent export ban in the context of rising food prices, this study combines insights from a regionally-disaggregated or 'bottom-up' CGE model and a micro-simulation using household data. Three main conclusions are drawn. First, although there is little...

The Asia-Pacific gas market is the biggest and fastest growing LNG market in the world. In the past is has been dominated by the JCC oil linked pricing mechanism. However, given the recent challenges facing this mechanism, especially since 2008, there is a growing concern that the JCC pricing...

Further links to the international LNG market implies that eastern Australia's LNG export revenue will also depend on future LNG prices in the region. This paper provides the estimation of eastern Australia's export revenue over the period of 2015-30 for different alternative LNG expansions,...

Rapid LNG trade in the eastern region will contribute a significant source of export revenue, or roughly A$20-30 billion per year over the next five years. However, along with a significant gain from LNG trade, major domestic gas users will also face higher gas prices, less security over long...

Solving large scale optimisation problems over space and time quickly generates a computational impasse, termed the ‘curse of dimensionality'. This severely limits the practical use of economic models, especially for determining the effects of climate change and protectionist trade policies....

In this paper we analysed the economic payoffs from marine reserves using a stochastic optimal control model, with a jump-diffusion process. The results show that even if the reserve and harvested populations face the same negative shocks, harvesting is optimal, the population is persistent and...

The paper analyses the economic payoffs from marine reserves using a stochastic optimal control model. The results show that even if the reserve and harvested populations face the same negative shocks, harvesting is optimal, the population is persistent and with no uncertainty over current stock...

Using data from what was once one of the world’s largest capture fisheries the economic value of a marine reserve is calculated using a stochastic optimal control model with a jump diffusion process. The results show that with a stochastic environment an optimal-sized marine reserve can...

We contribute to the understanding of marine reserves and the management of renewable resources with uncertainty. We show that the key benefit of reserves is that they increase resilience, or the speed it takes a population to return to a former state following a negative shock. Resilience can...