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| Registros recuperados: 43 | |
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| Quiggin, John C.. |
| Underwriting schemes are increasingly being used as a basis for price policy in Australian agricultural industries. These policies simultaneously increase average returns and reduce the risk faced by producers. In this paper, conditions are discussed under which such a combination of policy targets may be desirable. The optimality properties of underwriting schemes in achieving these targets are examined and compared to those of alternative schemes. Aspects of underwriting scheme design are discussed. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1983 |
URL: http://purl.umn.edu/22744 |
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| Blamey, Russell K.; Common, Mick S.; Quiggin, John C.. |
| The fundamental assumption of the contingent valuation method (CYM) is that responses to CY questionnaires may be interpreted as expressions of consumer preferences. The consumer preference interpretation has been challenged in recent papers arguing that willingness to pay for wildlife preservation is generated, at least in part, by ethical concerns, rather than by a view that wildlife preservation will yield any benefit to individual respondents. Some further evidence bearing upon these questions is derived from a study of forest management in Australia undertaken by the Resource Assessment Commission (RAC). The evidence supports the interpretation that respondents are acting primarily as citizens. |
| Tipo: Journal Article |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 1995 |
URL: http://purl.umn.edu/22679 |
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| Freebairn, John W.; Quiggin, John C.. |
| The relative merits of different systems of property rights to allocate water among different extractive uses are evaluated for the case where variability of supply is important. Three systems of property rights are considered. In the first, variable supply is dealt with through the use of water entitlements defined as shares of the total quantity available. In the second, there are two types of water entitlements, one for water with a high security of supply and the other a lower security right for the residual supply. The third is a system of entitlements specified as state-contingent claims. With zero transaction costs, all systems are efficient. In the realistic situation where transaction costs matter, the system based on state-contingent claims is... |
| Tipo: Journal Article |
Palavras-chave: Property rights; State-contingent claims; Water; Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/116968 |
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| Quiggin, John C.; Horowitz, John K.. |
| The present paper argues that the costs of climate change are primarily adjustment costs. The central result is that climate change will reduce welfare whenever it occurs more rapidly than the rate at which capital stocks (interpreted broadly to include natural resource stocks) would naturally adjust through market processes. The costs of climate change can be large even when lands are close to their climatic optimum, or evenly distributed both above and below that optimum. |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/118147 |
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| Quiggin, John C.. |
| Two separate bodies of literature on stabilization give radically different results, yet these contradictions have not attracted any attention. The first arises from the neoclassical theory of stabilization and predicts that beneficial stabilization will always attract positive supply response. The second arises from the work of Newbery and Stiglitz and predicts 'perverse' supply response for highly risk averse producers. In this paper, the differences which yield these results are described and some suggestions are made for a generalized model. |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1991 |
URL: http://purl.umn.edu/22619 |
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| Chambers, Robert G.; Quiggin, John C.. |
| This paper presents a unified treatment of the production and financial decisions available to a firm facing frictionless financial markets and a stochastic production technology under minimal assumptions on the firm's stochastic technology and objective function. The specific focus is on separation results for stochastic technologies, that is, on conditions under which the optimal production decision may be determined without regard to the risk preferences of the firm's owners. Necessary and sufficient conditions for separation, which generalize existing results, are presented. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Financial Economics; Production Economics; Risk and Uncertainty. |
| Ano: 2002 |
URL: http://purl.umn.edu/28561 |
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| Adamson, David; Mallawaarachchi, Thilak; Quiggin, John C.. |
| Human activity has modified the environment at all scales from the smallest ecosystems to the global climate systems. In the analysis of the Murray-Darling Basin, it is necessary to take account of effects of human activity ranging from local changes in water tables and soil structure through basin-level effects of the expansion of irrigation to changes in precipitation pattern arising from the accumulation of greenhouse gases in the atmosphere. In this paper, we analyse the impact of, and adjustments to, climate change in the Murray-Darling Basin, using a simulation model that incorporates a state-contingent representation of uncertainty. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/10361 |
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| Quiggin, John C.. |
| The discounting of future benefits has long been one of the most controversial, and in many ways, unsatisfactory, aspects of benefit -cost analysis. This concern has been heightened by the rise of the environmental movement and, particularly by the debate over sustainable development. The sustainability approach is presented as an alternative to the standard benefit-cost analysis approach to the question of inter-generational equity. Sustainability is in fashion, and, as with all fashionable terms, it has been used in many ways and in support of many different policy agendas. A summary and critique of the literature is given by Ule (1991). I shall interpret sustainability very broadly to encompass two main concerns: (i) The interests of future... |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 1992 |
URL: http://purl.umn.edu/10340 |
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| Quiggin, John C.. |
| Management of the Murray–Darling river system involves a large number of users with imprecisely defined rights, and an aggregate rate of resource use that is environmentally unsustainable. One possible policy response is to make formal or informal contracts with users, under which users receive current benefits in return for a commitment to forgo usage rights in future. In this paper, this issue is explored with specific reference to the possibility of repurchasing the renewal rights for irrigation licenses. |
| Tipo: Journal Article |
Palavras-chave: National Water Initiative; Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/116969 |
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| Chambers, Robert G.; Quiggin, John C.. |
| This paper presents a unified treatment of the production and financial decisions available to a firm facing frictionless financial markets and a stochastic production technology under minimal assumptions on the firm's stochastic technology and objective function. The key concept is that of a 'derivative-cost function', which gives the minimal cost (maximal buying price) of constructing an asset by combining financial and real production activities. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2002 |
URL: http://purl.umn.edu/28571 |
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| Registros recuperados: 43 | |
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