In this paper, the dual approach to ex ante research evaluation in a multiple-input, multiple-output industry is explained and demonstrated. A simplified, illustrative model is developed based on a number of fundamental characteristics of the Australian wool industry and output-augmenting...

Mounter et al. (2007) developed an equilibrium displacement model (EDM) of the Australian sheepmeat and wool industries. In this paper the EDM is used to estimate the potential annual returns and their distribution among the various industry sectors for nine hypothetical investment scenarios....

The primary objective in this paper is to 'promote' the use of equilibrium displacement modelling, or comparative static analyses of general function models, as a research tool in agricultural price and policy analyses. This is by no means a new tool, but it does seem to be used much less in...

Certain market allocation problems involving linear average net revenue functions can be solved by linear programming. The technique can be applied to an objective function derived from linear marginal net revenue functions, the objective being to force each marginal net revenue as near to zero...

The primary objective in this paper is to 'promote' the use of equilibrium displacement modeling, or comparative static analysis of general function models, as a research tool in agricultural price and policy analyses. This is by no means a new tool, but it does seem to be used much less in...

A flexible functional form can provide a second-order approximation to an arbitrary unknown function at a single point. Except in special cases, the parameters of flexible forms will vary from one point of approximation to another. I use this property to show that, in general, if an unknown...

Effective socio-economic service delivery is vital for alleviating poverty in developing countries.Increased financial support without complementary investment in service delivery mechanisms oftenresults in little or no impact. This paper contributes to the discussion on how to maximize the...

Given the increasing concentration in numerous markets recent interest in market structure and performance has grown dramatically. The empirical research revolves around theories of industrial organization and non-cooperative game theory. Research in this area uses participant strategic action...