In this paper, some aspects of the application of optimal-control techniques to wool industry price stabilisation are considered. It is not intended to provide a blueprint for the immediate adoption of optimal-control techniques in the management of wool price stablisation. Rather, the...

The importance of welfare losses resulting from discrepancies between Australian Wool Corporation and trade valuations of different grades of wool is discussed. Cross-sectional data are used to relate variations in wool attributes to variations in price during 1976-7 and a model is derived for...

The Australian dollar is considered a commodity-based currency, with the high level of primary commodity exports in Australia’s trade balance given as an explanation. Key studies have concluded that Australia’s terms of trade are a primary driver of the real exchange rate based on a...

The remarkable economic changes occurring within China since 1978 have resulted in a striking alteration in food consumption patterns, and one marked change is the increasing consumption of meat. Given China’s large population, a small percentage change in per capita meat consumption could...

In the past China has been self-sufficient in beef products, but, with a dramatic increase in consumer spending on food, demand for beef, which is seen as a novel and nutritious food, has grown. By employing a partial equilibrium model and sensitivity analysis under different scenarios, this...

The Australian dollar is considered a commodity-based currency, with the high level of primary commodity exports in Australia’s trade balance given as an explanation. Key studies have concluded that Australia’s terms of trade are a primary driver of the real exchange rate based on a...

In most urban cities across Australia, water restrictions remain the dominant policymechanism to restrict urban water consumption. The extensive adoption of waterrestrictions over several years means that Australian urban water prices have consistently not reflected the opportunity cost of water...

In most urban cities across Australia, water restrictions remain the dominant policy mechanism to restrict urban water consumption. The extensive adoption of water restrictions over several years means that Australian urban water prices have consistently not reflected the opportunity cost of...

This study involves the application of a random-effects double-hurdle model to survey data to identify the farm-level factors affecting the adoption and intensity of herbicide use in rice production in the Philippines. Results broadly indicate apparent differences in the degree to which...