Pannell Discussions

Ideas in economics, environment, agriculture, policy and more.

Economics

Economics, Research

43 – New knowledge or new technology: which is better?

14 March, 200526 December, 2011 by David Pannell5 Min Reading

Other things being equal, R&D to develop a successful new technology will very often be worth more than R&D that successfully generates improved information for

Economics, Policy, Politics, Water

41 – Fresh water for Perth 3: myths and misconceptions

28 February, 200526 December, 2011 by David Pannell8 Min Reading

Policy makers attempting to address the “shortage” of water in Perth are in desperate need of some simple economics. Clear thinking about prices, costs, values

Economics, Policy, Politics, Water

40 – Fresh water for Perth 2: the State Opposition’s attempts

21 February, 200526 December, 2011 by David Pannell5 Min Reading

The State Opposition parties in Western Australia have staked their electoral prospects on their unconditional support for a water channel from the Kimberly to Perth.

Economics, Policy, Politics, Water

39 – Fresh water for Perth 1: the State Government’s attempts

14 February, 20051 May, 2012 by David Pannell5 Min Reading

The State Opposition parties in Western Australia made the news this month with their ideas for providing fresh water to Perth. As lamentable as those

Economics

35 – Thinking like an economist 11: Externalities and market failure

17 January, 200526 December, 2011 by David Pannell5 Min Reading

“Market failure” is defined as a situation where people acting independently and individually will not result in the greatest possible benefits for society, at least

Economics

34 – Thinking like an economist 10: Values in the very long term

10 January, 200512 October, 2019 by David Pannell6 Min Reading

Discounting for short-term benefits and costs (within say 20 years), or for purely commercial investments, is theoretically uncontroversial. Discounting for investments that pay off over

427. Reviews of research on agricultural adoption

What drives or inhibits farmers in their decisions about adopting new farming practices? Many literature reviews have been published to summarise the wealth of research
426. Music “Option Value”

One of my joys is creating and recording music. Over the next year or so I’m going to share some of it – in the
425. World population beyond 2100

What will happen to the world population after it peaks later this century? If current trends in fertility continue, we’ll head into a period of
424. Risk aversion versus loss aversion, part 2
423. Risk aversion versus loss aversion, part 1
422. Risky farm decision making as a social process
421. Risk versus uncertainty
420. Systematic decision making under risk
419. Risk premium
418. Hedging to reduce crop price risk

Pannell Discussions

Economics

43 – New knowledge or new technology: which is better?

41 – Fresh water for Perth 3: myths and misconceptions

40 – Fresh water for Perth 2: the State Opposition’s attempts

39 – Fresh water for Perth 1: the State Government’s attempts

35 – Thinking like an economist 11: Externalities and market failure

34 – Thinking like an economist 10: Values in the very long term

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