This study focuses on the pattern between investment in chemical inputs such as fertilizer, pesticides and herbicides and technical efficiency of farm households in Laguna, Philippines. Using a one‐stage maximum likelihood estimation procedure, the stochastic production frontier model was...

Global climate anomalies affect world economies and primary commodity prices. One of the more pronounced climate anomalies is El Niño Southern Oscillation (ENSO). In this study I examine the relationship between ENSO and world commodity prices using monthly time series of the sea-surface...

This paper develops a model of demand estimation in which consumers learn about their true preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how the theoretical model can be consistently...

Assessing the value of ecosystem services in a particular area helps provide information about the economic benefits these services provide to the community. In many situations, to avoid the full cost of primary data collection, value estimates may be applied from secondary sources in a process...

Greater understanding of irrigator water trade decision-making processes provides insight into the efficient reallocation of water resources between competing uses. Water trade decisions are often modelled as single processes, although results in this paper suggest that sequential decision...

We present a new Bayesian econometric speci…cation for a hypothetical Discrete Choice Experiment (DCE) incorporating respondent ranking information about attribute impor- tance. Our results indicate that a DCE debrie…ng question that asks respondents to rank the importance of attributes helps...

We investigate the market in bespoke essays from commercial providers which students buy to submit at their University. We conduct choice experiments at 3 universities to investigate students’willingness to enter the market. Half of the sample reveal a willingness to buy. We identify...

The total factor productivity indexes of five key Commonwealth fisheries have been developed using the Fisher index and ABARES survey data. Where fish stock biomass information is available, these indexes are also adjusted for changes in fish stocks. In trend terms, productivity increased over...

The paper analyses the differences of technical, allocative, cost and scale efficiencies of irrigated and rain-fed rice farmers in Sri Lanka in two different perspectives; first, relative to a common metafrontier, defined as the boundary of an unrestricted technology set and second relative to...