|
|
|
| Registros recuperados: 29 | |
|
|
| 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 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 |
| |
|
|
| 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.. |
| 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 article discusses the principal claims made for the Resource Rent Tax (RRT) by Garnaut and Clunies‐Ross (1975, 1979) relating to its efficiency and potential for generating tax revenue relative to other forms of resource taxation, and also their concern about the greater uncertainty of these revenues. An analysis of the risk‐return trade‐off associated with a shift from ad valorem royalties to an RRT finds this shift to be worthwhile. Estimates are also provided of the foregone tax revenue from the North West Shelf associated with the use of ad valorem royalties rather than the RRT. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1999 |
URL: http://purl.umn.edu/117145 |
| |
|
|
| 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 |
| |
|
|
| 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 |
| |
|
| |
|
|
| 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.. |
| Motivated by recent EC proposals to “strengthen risk management tools” in the CAP in relation to farmers’ increased exposure to market price risk, this paper draws attention to a potential negative consequence of such a change in the CAP – an associated increase in cheating behaviour by farmers in the context of environmental stewardship. A theoretical framework for this policy problem is developed and used not just to illustrate the problem, but also to propose a solution – specifically to combine the introduction of CAP-supported policy changes which reduce farmers’ exposure to market-based risk with changes in environmental stewardship policies which increase the riskiness of cheating and thereby discourage such behaviour. |
| Tipo: Presentation |
Palavras-chave: Demand and Price Analysis; Environmental Economics and Policy; Risk and Uncertainty. |
| Ano: 2012 |
URL: http://purl.umn.edu/124305 |
| |
|
|
| 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.. |
| This paper examines the joint impact of wheat market deregulation and removal of the wool Reserve Price Scheme on Australian wheatbelt farmers using a simple model of land allocation between the two products and empirical details of the impact of the two policy changes on farmers' uncertain economic environment. It is shown that key parameters are wool micronage, wheat yield variability and the presence or not of a wool price ceiling due to stockpile disposal. Consequently, important regional differences in welfare impacts and supply responses may exist and these may be of significance to the mechanics of stockpile disposal. |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 1993 |
URL: http://purl.umn.edu/10320 |
| |
|
|
| Pluske, Johanna M.; Fraser, Rob W.. |
| Using the contingent valuation method farmers in the high rainfall region of Western Australia were asked to value the information that they used to reduce risk associated with wool prices. To ascertain whether these values were both valid and reliable they were combined with additional data collected from the questionnaires and incorporated into profit functions so that farmers' attitudes towards risk could be estimated. These risk attitudes may be deemed reliable and valid providing they correspond to those estimated by other researchers. Results showed that the farmers' risk aversion coefficients were comparable to those estimated in the Australian literature. Therefore it may be argued that these farmers were able to nominate valid and reliable... |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1995 |
URL: http://purl.umn.edu/12327 |
| |
|
|
| 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 |
Palavras-chave: Environmental Economics and Policy; Institutional and Behavioral Economics; Land Economics/Use. |
| Ano: 2008 |
URL: http://purl.umn.edu/6038 |
| |
|
|
| 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.. |
| 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 analyzes the modified form of ad valorem royalty recently announced by the WA government in relation to gold production, which features a threshold price below which there is no tax liability and compares this royalty with a profit-based royalty. The level at which the threshold price is set plays an important role in determining the performance of the royalty in relation to its impact on production and the expected level and variability of tax revenue. It is argued that the higher this price is set, the stronger the grounds for preferring a profit-based royalty, eve taking into account the reliability of each form for generating tax revenue. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1999 |
URL: http://purl.umn.edu/117030 |
| |
| Registros recuperados: 29 | |
|
|
|
