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...

This paper evaluates the role of land in long-run climate stabilization mitigation scenarios. The details of land modeling for common stabilization policy scenarios are, for the first time, presented, contrasted, and assessed. While we find significant differences in approaches across modeling...

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...

The nuclear debate in Australia was recently enlivened by a Federal Government report (released in December 2006) on the economic viability of nuclear power as an option for electricity generation. Given the nation's large reserves of coal and gas, the question of the role of nuclear power rests...