@article{Marshall:12917,
      recid = {12917},
      author = {Marshall,   Graham R. and Cacho,   Oscar J. and John,    Fatmata},
      title = {What Price for the Right to Go a-Droving? A Derived Demand  Approach},
      address = {2000},
      number = {1730-2016-140190},
      series = {Working Paper 2000-6},
      pages = {16},
      year = {2000},
      abstract = {Travelling stock reserves (TSRs) were established in  Australia as a way of allowing the passage of livestock  through settled lands to facilitate stocking of new lands.  Subsequently, they remained important as a way of moving  livestock from property to property or from property to  market. Today, the area of land dedicated to TSRs in NSW is  estimated at 2.3 million hectares, which are used more as a  source of feed than as a livestock thoroughfare. The value  of TSRs as a source of feed is particularly important  during drought periods, and pricing of access for walking  stock has become a subject of contention within the Rural  Land Protection Boards (RLPB). The price of TSR permits for  walking stock is considerably lower than for agistment,  thereby compromising the capacity of the system to be  self-funding. The objective of this study is to explore  possible pricing arrangements using a derived demand  approach. A representative linear programming model was  developed for a farm in Nyngan, NSW. The model was used to  obtain estimates of the demand elasticity for TSR services  with respect to their own price, the price of supplementary  feeds and the price of wool. The effect of drought on these  elasticities was also explored.},
      url = {http://ageconsearch.umn.edu/record/12917},
      doi = {https://doi.org/10.22004/ag.econ.12917},
}