This paper uses a simulation model to measure the size of the social welfare gains from price stabilisation within the general setting of a non-linear, multiplicative risk and lagged expectations model of the market. The size of the gains is found to be relatively small when producers plan on...

The diverse modelling activity coming under a defined concept of Simulation is reviewed first through a general outline of suggested methodology and secondly through a survey of applications in agricultural economics and kindred disciplines. The review concludes with a consideration of present...

Adaptation is a critical aspect of applied agricultural research but is one that should be better understood. Accordingly, its dimensions are explored here through analogies with the adaptive behaviour of a person seeking a change in employment. A similar process is then used to illustrate the...

The practice of conducting annual "in house" reviews in international agricultural research institutes is discussed and possible virtues of widespread use of such reviews by Australian agricultural research organizations are reviewed.

The demand for bananas on the Sydney market is studied at both wholesale and retail using time series data at wholesale and cross-section data at retail. The cross-section data come from a pricing experiment in Sydney supermarkets. Estimates of price elasticity of demand are presented for...

Few attempts have been made to estimate production functions for the Australian grazing industries. The question of the nature of the effect of input levels on production risk has been broached even more rarely. Previous investigators had to employ models and methods of estimation which embody...