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Environmental triage decisions during a drought AgEcon
Gorddard, Russell J.; Connor, Jeffery D.; Ranjan, Ram.
The Murray Darling Basin Current is currently in drought. There are low water levels in most dams, and increased uncertainty about future rainfall. As a result management of the ecosystems in the basin that depend on river flows involves some hard decisions about what assets to save and what assets to let go. This paper models this triage problem using a stochastic and dynamic programming approach. This model is used to identify how optimal management is affected by hysteretic and irreversible effects of drought on ecosystem assets and uncertainty about future climate.
Tipo: Conference Paper or Presentation Palavras-chave: Triage; Irreversibility; Climate change; Environmental Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/47631
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AN OPTIMAL CONTROL MODEL FOR INTEGRATED WEED MANAGEMENT UNDER HERBICIDE RESISTANCE AgEcon
Gorddard, Russell J.; Pannell, David J.; Hertzler, Greg.
The presence of weeds which have developed resistance to chemical herbicides is a problem of rapidly growing importance in Australian agriculture. We present an optimal control model of herbicide resistance development in ryegrass, the weed for which resistance is most commonly reported. The model is used to select the optimal combination of chemical and non-chemical control measures taking account of the trade off between short term profits and the long term level of herbicide resistance. Results indicate that given the threat of resistance there are benefits from integrating a combination of chemical and non-chemical control measures. The optimal strategy is found to include a declining herbicide dosage as resistance develops, with compensatory increases...
Tipo: Journal Article Palavras-chave: Research and Development/Tech Change/Emerging Technologies.
Ano: 1995 URL: http://purl.umn.edu/22858
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When should biodiversity tenders contract on outcomes? AgEcon
Gorddard, Russell J.; Whitten, Stuart M.; Reeson, Andrew.
Making conservation program payments conditional on outcomes offers potential efficiency and innovation improvements over input based contracts. This paper explores the trade-offs involved in choosing the payment criteria for biodiversity tenders. A model where the budget for a conservation tender can be allocated to input, outcome or mixed payments is used to explore the impacts of hidden actions, adverse selection, and landholder risk aversion on the optimal policy design. We discuss the implications of these results for the design of the ‘Nest Egg’ tender. This tender is targeting habitat and breeding of ground-nesting birds in the New South Wales Murray Catchment.
Tipo: Conference Paper or Presentation Palavras-chave: OUTCOME CONTRACTS; RISK AVERSION; BIODIVERSITY TENDERS; CONTRACT DESIGN; NEST EGG; Environmental Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/5979
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Putting theory into practice: market failure and market based instrument design AgEcon
Whitten, Stuart M.; Coggan, Anthea; Reeson, Andrew; Gorddard, Russell J..
The use of market-based instruments (MBIs) to provide and protect ecosystem services has gained significant attention in Australia. Despite their popularity, MBIs are not appropriate for the provision of all ecosystem services. Rather, MBIs must be carefully designed given the ecosystem service outcomes desired, while meeting the needs of participants. In this paper we detail the importance of a robust theoretical structure to underpin the selection and design of an MBI. In particular, we demonstrate the role of identifying and analysing the nature of the market failures present, and their implications for instrument design. Our conclusions are illustrated using several regional MBI case studies.
Tipo: Conference Paper or Presentation Palavras-chave: Market failure; Market based instrument; Incentives; Marketing.
Ano: 2007 URL: http://purl.umn.edu/10441
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