Participation is a relative concept. Too much implies high costs of administration and many losers in a competitive process. Too little implies relatively few gains from trade are accessed. Thus the aim is to optimise rather than maximise participation. In this paper we outline some rules of...

Scope economies can be used in studies of farming systems to provide a measure of synergies between different farm enterprises and between activities within farm enterprises. In this paper, they are reported for farms in three benchmarking groups in Australia by estimating stochastic input...

This paper examines what, precisely, is meant by a 'farm', the criteria for the inclusion of individual farms in a statistical register and the resulting enumerations and average sizes of farms in published statistics. Alternative measures of farm size are examined and a relatively novel measure...

The controversy on the convergence of socialism and capitalism has recently been focused on China. In this paper, an industrial organisation framework is used to portray the key features of "Socialism with Chinese Characteristics." The structure of supply and demand and the process of price...

Analysis of changes in the industrial composition of economic activity (structural change) is important for informed policy making. Such analysis can best be undertaken using a computable general equilibrium (CGE) model. CGE models recognize links among industries arising from their roles as...