type="main" xml:id="ajar12062-abs-0001" <p>The payoffs and distribution of payoffs from research and development (R&D) along the food value chain depend on many interacting economic factors. To quantify these, we have developed a general equilibrium model of the Australian economy with detailed...</p>

Agriculture contributes negative and positive externalities to society, that is, beneficial and detrimental changes in human wellbeing to third parties for which they are not generally compensated or charged. Beneficial externalities include the creation of amenity and landscape and negative...

Discussions about applied Cost Benefit Analysis are incomplete without the thorny issue of discounting emerging at some point. Indeed, since the calculation of Net Present Values (NPV), and hence the efficiency of a project or policy, hinges so crucially upon the level of the discount rate...

Various countries in Europe are considering tax schemes to combat the threat of global warming and Europeans have shown their concern by their growing support of the various Green parties. Unfortunately, policy-oriented research on climate warming lags behind North America and governments still...

In this paper we desribe a general equilibrium model of the world economy, designed to simulate the effect of a liberalization of world food trade. Our model owes much to Tyers (1985) partial equilibrium model which covered trade between 30 countries in 7 agricultural commodities. It also...