Environmental managers face the question of how large in scale to make their environmental projects. An important consideration is whether the projects would face diminishing
read moreOne of the key insights of economics is the idea of increasing marginal costs – as you produce more and more of a good, production
read moreIn January 2011, Coles supermarkets discounted the price of “home brand” milk to $1 per litre, prompting a storm of protests from farmers. Do the
read moreThe ‘real’ price of food (the price with inflation factored out) has fallen through much of recent history. Back in 1995, there was a view
read moreIn recent years, environmental economists in Australia have increasingly used a number of methods to estimate dollar values for the benefits provided by the environment.
read moreThis week’s Pannell Discussion is a review of a book called ‘Oil panic and the global crisis: predictions and myths’ by Steven M. Gorelick. It’s
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