|
|
|
| Registros recuperados: 29 | |
|
|
| Fraser, Rob W.. |
| This paper investigates the role of targeting in the context of agri-environmental schemes involving monitoring and penalties and well suited to a geographically-based distinction between participants. By separating participants into a target and a non-target group the aim of targeting is to reduce the moral hazard problem. The paper analyses three approaches to targeting and the focus is on reducing the extent of cheating by participants in the non-target group. By complementing the adoption of targeting with appropriate adjustments to the monitoring/penalty parameters it is shown how such an approach can exploit the risk aversion of participants to completely eliminate cheating by those participants in the non-target group. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/57867 |
| |
|
|
| Fraser, Rob W.. |
| In this paper a method for evaluating the supply response of individual producers to a price underwriting scheme is presented. The method includes precise formulae to take account of the impact of price underwriting on the producer's uncertain conditions. The Australian Wheat Board's guaranteed minimum price scheme is taken as a specific example of price underwriting in practice. Results show the scheme to lead to only relatively small supply responses. The impact on producer behaviour of an increase in price uncertainty in the presence of an underwriting scheme is also demonstrated in the paper. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Risk and Uncertainty. |
| Ano: 1988 |
URL: http://purl.umn.edu/22921 |
| |
|
|
| Fraser, Rob W.. |
| This paper examines the issue of incentive-compatibility within environmental stewardship schemes where incentive payments to farmers to provide environmental goods and services are based on foregone agricultural income. The particular focus of the paper is on the role of land heterogeneity, whether in terms of agricultural value or environmental value, in leading to divergences between the actual and the socially optimal level of provision of environmental goods and services. It is shown that such goods and services are systematically over or under-provided depending on the characteristics of land heterogeneity both within and between landscape regions. It is therefore concluded that incentive payments should be based on social willingness-to pay for the... |
| Tipo: Conference Paper or Presentation |
|
| Ano: 2008 |
URL: http://purl.umn.edu/36850 |
| |
|
|
| Petersen, Elizabeth H.; Fraser, Rob W.. |
| This paper presents results of a survey of Western Australian wheat growers designed to elicit perceptions of the impact of protein premiums and discounts for wheat on income, utility and off-farm risk management. The results indicate that a grower’s perception of the scheme’s impact on expected income and utility depends on that grower’s expected protein level. Additionally, growers do not perceive protein premiums and discounts to have affected the variance of income, or their willingness-to-pay for a forward contract. These latter findings are contrary to previous studies of actual rather than perceived effects. However, the perceptions of growers are understandable given that the scheme’s effect on the variance of income is small relative to its effect... |
| Tipo: Presentation |
Palavras-chave: Protein premiums and discounts; Wheat; Survey; Willingness-to-pay; Crop Production/Industries; Farm Management. |
| Ano: 2000 |
URL: http://purl.umn.edu/123725 |
| |
|
|
| Cook, David C.; Liu, Shuang; Fraser, Rob W.; Siddique, Abu-Baker; Paini, Dean R.. |
| This paper provides a demonstration of how a comprehensive economic framework, which takes into account both the gains from trade and the costs of invasive species outbreaks, can inform decision-makers when making quarantine decisions. Using the theoretical framework developed in Cook and Fraser (2008) an empirical estimation is made of the economic welfare consequences for Australia of allowing quarantine-restricted trade in New Zealand apples to take place. The results suggest the returns to Australian society from importing New Zealand apples are likely to be negative. The price differential between the landed product with SPS measures in place and the autarkic price is insufficient to outweigh the increase in expected damage resulting from increased... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2010 |
URL: http://purl.umn.edu/91957 |
| |
|
| |
|
|
| Fraser, Rob W.. |
| This paper evaluates concerns over the "abandonment of production" in the context of the recent CAP reform as it applies to the arable sector. The particular focus of the evaluation is on the extent to which the proposed "single farm payment" can be de-coupled from production and yet avoid the abandonment of land on which production is expected to be profitable. An analytical framework is developed which indicates the most important non-policy factors are the profitability of the land, the variability of yield and the grower's degree of risk aversion. The conclusion of a numerical analysis using this framework is that 85% de-coupling is unlikely to lead to abandonment of land in any arable region of the EU, and that 95% de-coupling is also unlikely to lead... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy; Land Economics/Use. |
| Ano: 2004 |
URL: http://purl.umn.edu/58448 |
| |
|
|
| Petersen, Elizabeth H.; Fraser, Rob W.. |
| Fraser (1997) considered the impact of protein premiums and discounts on a grower’s income stream and willingness‐to‐pay for a forward contract where the protein premium and discount system is centred on a grower’s existing expected protein level. This article extends these results to consider the impact of a protein premium and discount system which is not centred on a grower’s existing expected protein level. The article suggests that the grower’s existing expected protein level plays a crucial role in determining the impact of the system. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 2000 |
URL: http://purl.umn.edu/117839 |
| |
|
|
| Fraser, Rob W.. |
| The literature shows that the influence of yield uncertainty on production relative to quota is ambiguous in the case of a single market. This paper uses a two-market framework (quota market and secondary market) with multiplicative yield uncertainty to show that if over-quota production in the absence of yield uncertainty is profitable, then the presence of yield uncertainty is unambiguously a further stimulus to over-quota production. The analysis is discussed in the context of recent changes to the marketing arrangements for Western Australian potatoes. |
| Tipo: Journal Article |
Palavras-chave: Production Economics. |
| Ano: 1995 |
URL: http://purl.umn.edu/22402 |
| |
|
| |
|
| |
|
|
| Fraser, Rob W.. |
| This paper contributes to the understanding of the impact of removing quarantine restrictions on the income risk of domestic producers. It develops a model of this impact on a producer's perception of income risk. Four effects of the introduction of imports on the perceived income risk of domestic producers are identified, as well as a range of factors which influence the magnitude of these effects. A numerical analysis evaluates the role of each of these factors in determining the producer's perception of income risk following the introduction of imports. This evaluation provides a range of conclusions relevant to quarantine policy. |
| Tipo: Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2000 |
URL: http://purl.umn.edu/123647 |
| |
|
|
| Cook, David C.; Fraser, Rob W.; Wilby, A.; Waage, J.K.; Mumford, John D.. |
| The dynamic process of market globalisation dictates that biological, technological and institutional changes have the capacity to alter the way in which future biosecurity policies are formulated and endorsed. This paper proposes a method of carrying out biosecurity risk profiling for the United Kingdom by comparing agricultural pest incursions under present circumstances with those under future conditions. Changing economic, environmental, social and political climates are set to alter the circumstances of future pest and disease incursions. With this in mind, this paper suggests a means of identifying responsible biosecurity risk management strategies for an uncertain future. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2004 |
URL: http://purl.umn.edu/58397 |
| |
|
| |
|
|
| Fraser, Rob W.. |
| This article investigates the impact of a protein premiums and discounts system on the income stream from growing wheat. Based on a biological relationship between protein and yield in uncertain seasonal conditions, it shows that such a system reduces the expected level and variability of wheat income. It is subsequently argued, using a numerical analysis, that protein payments affect both the attraction to wheat growers of forward contracts and the value of land used for wheat. The nature of both of these impacts is related to the level of seasonal variability affecting the land. Consequently, wheat growers in the more unreliable regions of the wheatbelt may have been particularly disadvantaged by the system. |
| Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
| Ano: 1997 |
URL: http://purl.umn.edu/118011 |
| |
|
|
| Fraser, Rob W.. |
| This paper extends the multi-period agri-environmental contract model of Fraser (2004) so that it contains a more realistic specification of the inter-temporal penalties for noncompliance, and therefore of the inter-temporal moral hazard problem in agri-environmental policy design. On this basis it is shown that a farmer will have an unambiguous preference for cheating early over cheating late in the contract period based on differences in the expected cost of compliance. It is then shown how the principal can make use of this unambiguous preference to target monitoring resources intertemporally, and in so doing, to encourage full contract duration compliance. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/100550 |
| |
|
|
| Fraser, Rob W.. |
| This article extends the analysis of the impact of a system of protein premiums and discounts to that on a farmer’s planned production. Despite an unambiguously negative impact on expected profits of equally likely premiums and discounts, supply response to the introduction of such a system is shown to depend on the level of seasonal variability faced by the farmer. In particular, farmers in regions which are more seasonally unreliable are likely to feature a negative supply response, whereas those in regions which are more seasonally reliable are likely to feature a positive supply response. Consequently, it is suggested that, overall, protein payments for wheat may have encouraged a shift of wheat‐growing activity away from more seasonally unreliable... |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1998 |
URL: http://purl.umn.edu/117220 |
| |
|
| |
|
|
| Fraser, Rob W.. |
| This article examines the case of a risk‐averse mining firm facing a resource rent tax in order both to incorporate the role of the risk‐sharing quality of such a tax and to assess its implications given a government’s lease allocation system. The model develops the conditions required for an investment‐neutral RRT characterised by a threshold rate of return and a rate of tax and suggests that for an auction system of lease allocation, government revenue could be maximised by setting the tax rate below 100 per cent, but that for a discretionary system, it is in the government’s interest to introduce an RRT which is effectively rate‐of‐return regulation. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy; Risk and Uncertainty. |
| Ano: 1998 |
URL: http://purl.umn.edu/117225 |
| |
| Registros recuperados: 29 | |
|
|
|
