scholarly journals Agricultural Policy Analysis: Discussion

1996 ◽  
Vol 28 (1) ◽  
pp. 52-56
Author(s):  
Lyle P. Schertz
Keyword(s):  
Policy Analysis ◽  
Agricultural Policy ◽  
Wealth Distribution ◽  
Data Systems ◽  
Policy Decisions ◽  
The Public ◽  
Alternative Approaches ◽  
Income And Wealth Distribution

AbstractAgricultural economists are appropriately concerned about their profession's contributions to policy decisions. An examination of alternative approaches to transforming policy analyses is in order. There are opportunities to (a) focus on income and wealth distribution, (b) give attention to the public as a primary client, (c) avoid advocacy, and (d) adjust institutions in ways that encourage participation in policy analyses including the development of data systems.

scholarly journals Economic Modeling of Farm Production and Conservation Decisions in Response to Alternative Resource and Environmental Policies

1991 ◽  
Vol 20 (1) ◽  
pp. 98-108 ◽  
Author(s):  
John R. Ellis ◽  
David W. Hughes ◽  
Walter R. Butcher
Keyword(s):  
Policy Analysis ◽  
Resource Use ◽  
Agricultural Policy ◽  
Surface Water Quality ◽  
Economic Modeling ◽  
National Standard ◽  
Local Conditions ◽  
The Public ◽  
Farm Production ◽  
Alternative Resource

Growing concern over resource use and protection of the environment has prompted greater demand for agricultural policy analysis at the local, regional, and national levels. Faced with declining surface-water quality, silting of reservoirs, and contaminated groundwater supplies, the public has demanded greater protection of the environment. With the call for more regulation of agriculture comes the need for policy analysis. What policy is best? Should a national standard apply, or do local conditions warrant local standards? Who will benefit, and who will lose, and by how much?

The Relevance of Trust

2018 ◽  
Author(s):  
Inmaculada de Melo-Martín ◽  
Kristen Intemann
Keyword(s):  
Public Policy ◽  
Negative Impact ◽  
Scientific Information ◽  
Policy Decisions ◽  
The Public ◽  
Epistemic Trust ◽  
Proper Role ◽  
Scientific Institutions ◽  
Public Policy Decisions ◽  
Scientific Phenomena

This chapter offers a brief overview of the importance of epistemic trust and the relevance that scientific institutions and practices have in promoting or undermining warranted public trust. Epistemic trust is crucial for the production of scientific knowledge, the ability of the public to make sense of scientific phenomena, and the development of public policy. Normatively inappropriate dissent is more likely to take hold and erroneously affect people’s beliefs and actions in a context where the trustworthiness of scientists is called into question and where there is an excessive reliance on scientific information when it comes to assessing policy decisions. Thus, finding ways to facilitate and sustain warranted epistemic trust, as well as increasing understanding of the proper role of science in public policy decisions can help mitigate the negative impact of dissenting views.

scholarly journals Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach

2021 ◽  
Author(s):  
Yves Achdou ◽  
Jiequn Han ◽  
Jean-Michel Lasry ◽  
Pierre-Louis Lions ◽  
Benjamin Moll
Keyword(s):  
Continuous Time ◽  
Wealth Distribution ◽  
Closed Form Solution ◽  
Form Solution ◽  
Heterogeneous Agent ◽  
Saving Behavior ◽  
Income And Wealth Distribution ◽  
Heterogeneous Agent Models ◽  
Special Case

Abstract We recast the Aiyagari-Bewley-Huggett model of income and wealth distribution in continuous time. This workhorse model – as well as heterogeneous agent models more generally – then boils down to a system of partial differential equations, a fact we take advantage of to make two types of contributions. First, a number of new theoretical results: (i) an analytic characterization of the consumption and saving behavior of the poor, particularly their marginal propensities to consume; (ii) a closed-form solution for the wealth distribution in a special case with two income types; (iii) a proof that there is a unique stationary equilibrium if the intertemporal elasticity of substitution is weakly greater than one. Second, we develop a simple, efficient and portable algorithm for numerically solving for equilibria in a wide class of heterogeneous agent models, including – but not limited to – the Aiyagari-Bewley-Huggett model.

Ecologies of Meaning

1998 ◽  
Vol 89 (1) ◽  
pp. 11-20 ◽  
Author(s):  
Gary Warner ◽  
Ross Gibson
Keyword(s):  
Information Technology ◽  
Public Spaces ◽  
Multimedia Systems ◽  
Data Systems ◽  
The Public ◽  
Standard Information

Museums and ‘interpreted’ public spaces have become important sites for the deployment of new multimedia systems. Given that these locations areimbued with historical, architectural and aesthetic complexities, it is becoming ever more apparent that standard information technology approaches to data systems are inadequate to the tasks of evoking and interpreting such sites. For 20 years now, Gary Warner has worked to introduce lucidity and nuance into the public deployment of multimedia. His work at the Australian Film Commission, the Museum of Sydney, and more recently as Director of CDP Media has led him to understand that he is practising a kind of electronic ecology. He discusses this idea — and many others — with Ross Gibson.

The public-private partnership valuation paradox

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Stephen Gray ◽  
Jason Hall ◽  
Grant Pollard ◽  
Damien Cannavan
Keyword(s):  
Mathematical Proof ◽  
Systematic Risk ◽  
Cash Flows ◽  
Current Theory ◽  
Apparent Paradox ◽  
Content Type ◽  
The Public ◽  
The Past ◽  
Alternative Approaches ◽  
Practical Implications

Purpose In the context of public-private partnerships (PPPs), it has been argued that the standard valuation framework produces a paradox whereby government appears to be made better off by taking on more systematic risk. This has led to a range of approaches being applied in practice, none of which are consistent with the standard valuation approach. The purpose of this paper is to demonstrate that these approaches are flawed and unnecessary. Design/methodology/approach The authors step through the proposed alternative valuation approaches and demonstrate their inconsistencies and illogical outcomes, using theory, logic and mathematical proof. Findings In this paper, the authors demonstrate that the proposed (alternative) approaches suffer from internal inconsistencies and produce illogical outcomes in some cases. The authors also show that there is no problem with the current accepted theory and that the apparent paradox is not the result of a deficiency in the current theory but is rather caused by its misapplication in practice. In particular, the authors show that the systematic risk of cash flows is frequently mis-estimated, and the correction of this error solves the apparent paradox. Practical implications Over the past 20 years, PPP activity around the globe amounts to many billions of dollars. Decisions on major infrastructure funding are of enormous social and economic importance. Originality/value To the best of the authors’ knowledge, this study is the first to demonstrate the flaws and internal inconsistencies with proposed valuation framework alternatives for the purposes of evaluating PPPs.

Demosclerosis: Implications for Environmental and Agricultural Policy Analysis

1995 ◽  
Vol 77 (5) ◽  
pp. 1126-1127
Author(s):  
Sandra S. Batie ◽  
David B. Schweikhardt
Keyword(s):  
Policy Analysis ◽  
Agricultural Policy
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