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Adoption levels of the innovation, sale of wool by sample, were less than complete but still increasing even after the innovation had been available for a number of years. A model that offers an explanation of the innovation process by individual growers is discussed and tested using econometric...
Alternative specifications of models of the supply response of Australian wheat growers and their economic implications are considered in terms of the existence and nature of production lags, and the choice between expected prices and expected gross returns as the preferred explanator of...
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Since the introduction of a reserve price scheme in 1970, the interest in wool marketing previously shown by agricultural economists has not been maintained outside the public service and the wool industry itself. Nor is the subject as divisive amongst wool growers with, in general, 'orderly...
The paper presents a model of choice between alternative available jobs in which each job has an uncertain multi‐period income prospect. Imperfectly informed expectations as well as job preferences and attitudes to risk determine the choice. The model is used to locate and discuss some problems...
The main recommendations contained in the IAC's reports on rural references are outlined. The Commission's reasoning on four issues that are widely viewed as important to the formulation of rural policy is examined. The four issues are: assistance to industry; terms of trade; uncertainty and...
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