We estimate hedonic price functions for premium wine from Australia and New Zealand, differentiating implicit prices for sensory quality ratings, wine varieties, and regional as well as brand reputations over the vintages 1992 to 1998. For Australia, the results suggest regional reputations in...

For decades, earnings from farming in many low-income countries have been depressed by a pro-urban bias in own-country policies, as well as by governments of richer countries favoring their farmers with import barriers and subsidies. Both sets of policies reduce national and global economic...

Upward spikes in international food prices lead some food-surplus countries to raise export barriers and some food-deficit countries to lower their import restrictions on staple foods – and conversely when prices slump. When many countries so respond, their actions in aggregate exacerbate...

Literature regarding the pricing efficiency of Australian wholesale vegetable markets is very limited. The objective of this paper is to test whether or not vegetable products traded in these markets are priced efficiently and satisfy the law of one price (LOOP). To that end, the price...

A revealed preference auction experiment is used to elicit values for two attributes, one relating to genetic modification and the other to country of origin of the food product, canola oil. A premium for a non-GM canola oil is found to approximate CA$0.4 to $0.6 per litre. Auction format...

There is pressure in Australia for water management reform to ensure an efficient allocation of resources between productive uses and to provide adequate conservation of the environment. The establishment of water markets and trade has been seen as the primary mechanism for improving the...

Much of Australia’s native vegetation has been cleared or altered as a result of agricultural development. The native vegetation that remains on private land is highly fragmented and continues to be degraded and modified due to various land use and environmental pressures. One of the major...

This paper examines consumer attitudes to quality characteristics of chickpea in India. A linear hedonic price functional form was estimated using price and quality data of 52 kabuli chickpea and 128 desi-type chickpea samples obtained from major chickpea markets in India. Empirical results...