Annual time series data for the period 1950-51 through 1975-76 are used to estimate the price elasticity of aggregate Australian agricultural supply using two methods. The short-run elasticity is estimated to be highly inelastic but it has been increasing through time. The preferred estimate of...

Co-operation in research is a complex question which would seem to depend to a large extent on a number of necessary and sufficient conditions for success. In this note an attempt is made to define some of these conditions and then reflect on a few possibilities for co-operation between...

The use of protected areas as a fishery management tool has been suggested as a hedge against management failures and variation in harvests. A stochastic bioeconomic model of a two-species fishery will be used to test the performance of protected areas as a management tool in a fishery with...

Game theory offers an alternative approach to standard means of resource assessment which can be of value in the definition and assessment of policy options for competing parties. Using a Nash co-operative game it has been possible in this paper to show the significance of fishing strategies for...

The integration of detailed farm supply models with the basic spatial equilibrium model, is outlined. The direct linking of farm linear programming models with the spatial equilibrium model is achieved so that both prices and quantities are endogenous. Both the farm model and the spatial...

This paper reports on an expanded and revised version of the spatial equilibrium model of the Australian dairy industry developed by MacAulay (1997). In the expanded version there is demand for five manufactured products. The transformation from bulk milk to final product is modelled by...

Marine protected areas have been advocated as a useful tool in fisheries management. However, as protected areas they are a ‘blunt’ tool to manage fishery operations; in the sense that they do not alter the incentives of individual fishers, the outcomes from protected area creation are...

Following the reforms of doi moi, household farms in Vietnam are being affected by policies which are implementing land, financial and trade reforms. The nature of agriculture in Vietnam is such that household farms operate within and are constrained by the activities of their location within a...

Land-use in Vietnam is an important issue in the future economic growth of the country. There is a long history of many radical changes in land-use policy. Vietnam has become a leading exporter of rice (its main agricultural crop) and thus is subject to the variability of world prices. An...