Redesigning Landcare policy to better coordinate across landholders. This project aims to study how landscape-sensitive economic incentives and social norms can be leveraged to enhance the short- and long-term effectiveness of conservation programs. It will yield new knowledge for innovative designs in conservation contracting that is urgently needed to address worsening environmental threats in Australia and worldwide. In collaboration with Nobel laureate Vernon Smith’s team, new methods and pr ....Redesigning Landcare policy to better coordinate across landholders. This project aims to study how landscape-sensitive economic incentives and social norms can be leveraged to enhance the short- and long-term effectiveness of conservation programs. It will yield new knowledge for innovative designs in conservation contracting that is urgently needed to address worsening environmental threats in Australia and worldwide. In collaboration with Nobel laureate Vernon Smith’s team, new methods and protocols will improve our ability to generate better data and better understand how social and incentive mechanisms can constructively interact to facilitate collaborative environmental action. Results will help make the achievement of environmental targets and the use of public funds more cost-effective. Read moreRead less
Designing for uncertainty in conservation auctions. Economic theory and case study evidence show that tenders or auctions are more efficient than grant mechanisms for encouraging landholders to produce environmental outcomes on private land. These studies have ignored the effects of uncertainty of both bidders and administrators about factors such as landholder participation and the level of environmental benefits that will be delivered. This project will test whether distributing environmental ....Designing for uncertainty in conservation auctions. Economic theory and case study evidence show that tenders or auctions are more efficient than grant mechanisms for encouraging landholders to produce environmental outcomes on private land. These studies have ignored the effects of uncertainty of both bidders and administrators about factors such as landholder participation and the level of environmental benefits that will be delivered. This project will test whether distributing environmental funds via tenders is still efficient when uncertainty about various important factors is considered. Results from this research are expected to inform the cost effective design of systems to pay landholders for the provision of environmental benefits even when there is high uncertainty.Read moreRead less
Managing Carbon Offsets to Improve Australian Climate Policy Effectiveness. This project aims to evaluate the Emissions Reduction Fund-Australia’s flagship climate policy-by using a combination of state-of-the-art theoretical and experimental economic methods. This project expects to generate new knowledge by investigating how the use of aggregators (intermediaries) and contract design impact the current regulation. Expected outcomes of this project include a clear scholarly understanding of how ....Managing Carbon Offsets to Improve Australian Climate Policy Effectiveness. This project aims to evaluate the Emissions Reduction Fund-Australia’s flagship climate policy-by using a combination of state-of-the-art theoretical and experimental economic methods. This project expects to generate new knowledge by investigating how the use of aggregators (intermediaries) and contract design impact the current regulation. Expected outcomes of this project include a clear scholarly understanding of how to redesign the regulatory system to deliver better environmental outcomes for less public funds. The insights gained should provide significant benefits to both Federal and State Australian policymakers (as well as policymakers worldwide) on the design and implementation of carbon offsetting mechanisms.Read moreRead less
Emissions trading and the design and operation of Australia's energy markets. Past research has applied the methods of experimental economics to focus on capacity markets, futures markets, and demand side response management options for electricity markets in the United States of America. This project will examine research priorities for Australia's energy markets. These include market impacts on investment decision-making, trade in Renewable Energy Certificates, and the consequences of carbon e ....Emissions trading and the design and operation of Australia's energy markets. Past research has applied the methods of experimental economics to focus on capacity markets, futures markets, and demand side response management options for electricity markets in the United States of America. This project will examine research priorities for Australia's energy markets. These include market impacts on investment decision-making, trade in Renewable Energy Certificates, and the consequences of carbon emissions trading for energy market outcomes. Australia's electricity markets are primarily financial markets and new policy developments present both risks and opportunities. By designing and testing markets, experiments will be used to test market performance and for unforeseen consequences of new market policies.Read moreRead less