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Quarterly data from 1962 to 1983 for beef, lamb, mutton, pig meat and poultry were used to test for constancy in the structure of meat demand in Australia. The cumulative sum, cumulative sum of squares and Farley-Hinich tests were applied to a range of models to ensure that any rejection of...
Persistent link: https://www.econbiz.de/10005525490
In this paper the foundations on which the predictive interpretation of futures prices rests are discussed, and possible reasons for the differential predictive performance of futures prices as between different commodity markets examined. The predictive performances of futures, and spot prices...
Persistent link: https://www.econbiz.de/10005525494
In this article I present a static economic analysis of the operation of milk marketing schemes (such as that … administered by the New South Wales Milk Board) which employ marketing quotas for individual producers. This is a subject which has … already received some attention in this Journal: I refer to the suggestion of Harris and Candler that marketing quotas for …
Persistent link: https://www.econbiz.de/10005525515
This paper is primarily concerned with the place of producer-controlled marketing boards in contemporary agricultural … policy. The accomplishments and limitations of state marketing boards are reviewed from the standpoint of their stated … attitudes towards intervention in agricultural marketing, both in Australia and in other advanced economies. …
Persistent link: https://www.econbiz.de/10005525519
Persistent link: https://www.econbiz.de/10005525534
In this paper, interpretative comments are offered on some established aspects of the economics of futures trading, including the nature of the equilibrium condition in the case of an inverse carrying charge, some inferences about traders' market positions made from estimates of returns, and the...
Persistent link: https://www.econbiz.de/10005525537
and the impact of the year of marketing are also modelled. The consequent marketing implications for producers and …
Persistent link: https://www.econbiz.de/10005525549
Voluntary export restraint agreements are an increasingly common measure used to restrict international trade in particular commodities. They have been applied to the EEC sheepmeat market since 1980 as part of the Common Agricultural Policy. In this paper, theoretical implications of voluntary...
Persistent link: https://www.econbiz.de/10005525558
Fluid milk marketing in Australia is generally associated with an administered system where free market forces are …
Persistent link: https://www.econbiz.de/10005525570
In this paper the impact of changes in wool promotion expenditure and changes in expenditure on the promotion of competing fibres are examined using an equilibrium displacement model. The emphasis is on examining impacts on producer profits net of promotion expenditure and on benefit-cost ratios...
Persistent link: https://www.econbiz.de/10005525573