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Introduction to the application of economic principles for tertiary economics and business students. Divided into four parts, it deals with methodological and industry issues, consumption taxes, the labour market, foreign economic aid, and market failure issues. Chapters contain case material, questions for discussion and a summary. Includes a glossary and index. Nicholas Samuel is professor of agricultural business at the University of Adelaide and Desh Gupta is a senior lecturer in Economics at the University of Canberra. Published simultaneously in paperback.
This report analyses the impacts of financial support to fisheries from a sustainable development perspective by addressing the economic, environmental and social dimensions of these transfers.
Complementarity in R&D and research evaluation: perspectives; Research evaluation status in national programs; Issues in research evaluation and impact assessment; Links between ICRISAT and the seed sector; Emerging evidences of impact: genetic enhancement research; Emerging evidences of impact: resource management research; Spillover benefits from international agricultural research.
Why is trade in wholesale water so rare, when markets can actively trade bread, tractors, and electricity? This book shows that water markets fail because of high transaction costs, resulting in inefficient allocations and unpredictable environmental effects. To overcome these obstacles, this book proposes a trading mechanism called a smart market. A smart market is an auction cleared with optimization. A smart market can reduce the transaction costs of water trading, while improving the environmental outcomes. The authors show why a smart market for water is needed, how it would work, and how to implement it. The smart market described here uses a hydrology simulation of the water resource, user bids via the internet, and mathematical optimization, to maximize the economic value of water while meeting all environmental constraints. The book provides the background to understand the smart market for water, and the detail to help the reader start working on its application. The book explores topics such as: Why water should be more expensive near sensitive environmental locations, Ways to set initial allocations of water rights, The role of regulatory oversight, The prerequisites of a water market, and How to counter objections to water markets. The culmination of a decade of investigation, this book combines explanation, examples, and detail to inform policymakers, large water users, environmental organizations, researchers, and a thirsty public.
Australia’s agriculture and food industries are well placed to contribute to the economy’s future growth given the robust prospects of global food demand and the continuing high international competitiveness of these sectors.