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Miscellaneous

36 – Computer disasters: a cautionary tale

24 January, 200526 December, 2011 by David Pannell6 Min Reading

It was the day after my birthday. I was working on some emails in the Qantas Club in Perth. I’d been there for an hour

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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

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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

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Economics

33 – Thinking like an economist 9: Time is money

3 January, 200519 August, 2021 by David Pannell7 Min Reading

The old saying, “time is money” is a reminder not to waste your hours when you could be getting on with making profits. However, it

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Economics, Natural resource management, Politics

32 -Australia’s position on whaling

27 December, 200428 July, 2015 by David Pannell6 Min Reading

A Perth taxi driver last week was telling me about his holidays in Albany in the days before they closed the whaling station in 1978.

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Miscellaneous

31 – A Christmas recipe

20 December, 200426 December, 2011 by David Pannell1 Min Reading

Going to Nana’s for Christmas in the 1960s was always a terrific treat. She was a good present buyer, and a good food provider. The

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Recent Posts

  • 431. Webinar on economics of urban park designs

    Claire Doll and I are presenting a webinar on “Economic evaluation of alternative urban park designs that conserve irrigation water”, for the UWA Centre for

  • 430. Polarised public opinion

    When assessing projects or policies using tools like Benefit-Cost Analysis, economists sometimes need to gauge public attitudes towards those projects or policies. Usually we summarise

  • 429. The value of a non-market value

    We have a new paper out on the benefits and costs of using non-market valuation to monetise the non-financial benefits generated by environmental projects.  I

  • 428. Economic analysis of urban park designs

  • 427. Reviews of research on agricultural adoption

  • 426. Music “Option Value”

  • 425. World population beyond 2100

  • 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

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Recent comments

  • Frank Ibe on 261 – Agricultural water pollution
  • Cilla de Lacy on 430. Polarised public opinion
  • T Barr on 168 – Telling farmers how to adapt to climate change
  • David Pannell on 427. Reviews of research on agricultural adoption
  • Alfun adam on 366. Environmental accounting: is it worthwhile?

Recent Posts

  • 431. Webinar on economics of urban park designs 30 May, 2025
  • 430. Polarised public opinion 26 May, 2025
  • 429. The value of a non-market value 12 March, 2025
  • 428. Economic analysis of urban park designs 10 March, 2025
  • 427. Reviews of research on agricultural adoption 10 December, 2024
  • 426. Music “Option Value” 25 August, 2024
  • 425. World population beyond 2100 20 August, 2024
  • 424. Risk aversion versus loss aversion, part 2 17 July, 2024
  • 423. Risk aversion versus loss aversion, part 1 10 July, 2024
  • 422. Risky farm decision making as a social process 3 July, 2024

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