"Planning efforts in the SA Murray Darling Basin (SAMDB) have focused on the revegetation of degraded, privately held agricultural land, using locally native species, to meet prescribed resource condition targets of increased biodiversity, carbon sequestration, salinity and wind erosion...

"Over the past 30 years, applied microeconomics has seen an explosion in the use of experimental methods as a tool for observing economic behavior. Economic experiments serve as a complement to field research using, allowing the researcher to create and control key theoretically based rules of...

"There has been extensive debate in the experimental economics literature as to the validity of extending the results of student experiments to more complex real world settings, characterised by the economic behaviour of diverse participants. This paper uses an experimental design that formally...

"In this paper we formulate a cost-induced equilibrium concept. This equilibrium is generated from transaction costs connected with a sequential agenda process. Our claim is that most collective choice Institutions carry with them decision costs. If these transaction costs are very large, they...