Showing 1 - 6 of 6
This paper outlines the evolution and classification of the major works (published books) of Clem Tisdell. To do this it divides these books into six categories. 1. Those focusing on knowledge limitations and, the presence of uncertainty (information economics). These develop microeconomic...
Persistent link: https://www.econbiz.de/10008530420
This paper reports on and interprets the results of a survey of visitors to the Jourama Falls Section of the Paluma Range National Park located in Northern Queensland. It reports, amongst other things, on how much knowledge visitors to the site had about it before their visit, the procedures...
Persistent link: https://www.econbiz.de/10008530495
Field data are used to illustrate that, other things constant, regression results using Ordinary Least Squares (OLS) converge to Tobit estimates as the number of zeros in the regressand decrease. Tobit estimates are theoretically superior to OLS estimates when using censored data. However, if...
Persistent link: https://www.econbiz.de/10008465430
After briefly reviewing recent economic theories about the economic welfare consequences of public provision of private commodities, this article examines the cost efficient supply of publicly provided commodities. In the light of the presence of transaction costs and bounded rationality, and...
Persistent link: https://www.econbiz.de/10008465434
Relationships between bounded rationality and transaction cost theories are discussed and their connections with stochastic theories of industrial evolution are considered. While these theories have their limitations, they are useful but have been ignored in many public policy prescriptions,...
Persistent link: https://www.econbiz.de/10008465437
After briefly reviewing recent economic theories about the economic welfare consequences of public provision of private commodities, this article examines the cost efficient supply of publicly provided commodities. In the light of the presence of transaction costs and bounded rationality, and...
Persistent link: https://www.econbiz.de/10008465440