Carbon pricing and its impacts on the productivity growth of Australian industries. This project seeks to investigate the effects of carbon pricing on the productivity of Australian industries. It will provide important insights into the issues of productivity growth and technical efficiency for Australian industries following the imposition of a price on carbon, implemented either through a carbon tax or a carbon trading scheme.
Honesty and efficiency in the provision of expert services: doctors and other experts as participants in economic experiments. Experts serve us when we see the doctor, the financial planner or the car mechanic. In all these case the expert can take advantage of his superior knowledge and sell us something we do not need. This research will inform policy makers about the underlying motives of real world experts and allow them to design better institutions.
Welfare Economic Issues in the New Classical Economic Framework of Inframarginal Analysis (renewal application). The CIs have developed a framework analysing the classical but largely ignored problems of division of labour. The 2001-2 project extends the framework to examine welfare issues and public policies, including government encouragement of infrastructure, organisational effects of externality-corrective taxes, work ethics and the optimal working week. The proposed extension to this res ....Welfare Economic Issues in the New Classical Economic Framework of Inframarginal Analysis (renewal application). The CIs have developed a framework analysing the classical but largely ignored problems of division of labour. The 2001-2 project extends the framework to examine welfare issues and public policies, including government encouragement of infrastructure, organisational effects of externality-corrective taxes, work ethics and the optimal working week. The proposed extension to this research will address the more fundamental issue of the Pareto optimality of general equilibrium in the new framework and extend the existing analyses to be of more practical relevance with more immediate policy implications.Read moreRead less
Are claims of transparency to be believed? This project tests if leaders, when given a choice, actually reveal a preference for transparency (that is to share all relevant information with their followers). This project analyses the circumstances under which leaders choose transparency and how their decisions and their reputations for transparency affect followers' behaviour and overall group cooperation.
Microeconomics of Professional Sporting Competitions and Labour Markets. This project will undertake theoretical and empirical research on the operation of labour markets in professional sporting competitions. It will examine two main topics - the effects of labour market regulations in sporting competitions; and the determinants of job tenure and job mobility of players and coaches. The main expected outcomes are new theories of how sporting competitions operate, and for the determinants of j ....Microeconomics of Professional Sporting Competitions and Labour Markets. This project will undertake theoretical and empirical research on the operation of labour markets in professional sporting competitions. It will examine two main topics - the effects of labour market regulations in sporting competitions; and the determinants of job tenure and job mobility of players and coaches. The main expected outcomes are new theories of how sporting competitions operate, and for the determinants of job tenure; and original empirical evidence on these issues. The significance of the research derives from its potential contribution to international knowledge of how labour markets operate, and to the improved operation of sporting competitions.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE160100104
Funder
Australian Research Council
Funding Amount
$372,000.00
Summary
Mechanism Design with Aftermarket Dynamics. This project aims to design optimal selling policies, allowing for aftermarket dynamics such as resale and inter-buyer competitions. The existence of an aftermarket greatly affects the optimal design of license auctions, procurement, franchising and the like. For instance, when market licenses are auctioned off, incumbent firms may compete fiercely for licenses they do not need simply to keep entrants out. Existing sales designs that overlook such bidd ....Mechanism Design with Aftermarket Dynamics. This project aims to design optimal selling policies, allowing for aftermarket dynamics such as resale and inter-buyer competitions. The existence of an aftermarket greatly affects the optimal design of license auctions, procurement, franchising and the like. For instance, when market licenses are auctioned off, incumbent firms may compete fiercely for licenses they do not need simply to keep entrants out. Existing sales designs that overlook such bidding incentives often underperform in practice. The project aims to examine informational policies that influence buyers’ activities to best suit the seller's objectives. It expects to help regulatory bodies to design more efficient license auctions, provide franchisors with more profitable strategies, and save taxpayers' money when procuring services.Read moreRead less
Tertiary admissions: towards a healthier university system. The project aims to identify the demand for university places, quantify the gains from the Australian semi-centralised admissions system and propose measures to increase these gains. The effectiveness of any tertiary education system depends critically on the quality of the match between students and courses, with mismatches resulting in millions of dollars of wasted public resources and life dissatisfaction of graduates in occupations ....Tertiary admissions: towards a healthier university system. The project aims to identify the demand for university places, quantify the gains from the Australian semi-centralised admissions system and propose measures to increase these gains. The effectiveness of any tertiary education system depends critically on the quality of the match between students and courses, with mismatches resulting in millions of dollars of wasted public resources and life dissatisfaction of graduates in occupations misaligned with their interests. Using an Australian tertiary admissions dataset containing both student preferences and rankings of students by courses, the project aims to empirically assess the trade-off between the efficiency of a match, an equitable welfare distribution and equal access to higher education. It then plans to propose the best system to balance these objectives.Read moreRead less
Taxation, family policy and pension reform in an uncertain economy. The policies with which this research is concerned are central in determining the well being of millions of Australians in both current and future generations. It is important that these policies be debated and formulated on the basis of the best possible conceptual framework and with the most reliable possible quantitative assessments of their effects. It is also important that the policies concerned be considered jointly rathe ....Taxation, family policy and pension reform in an uncertain economy. The policies with which this research is concerned are central in determining the well being of millions of Australians in both current and future generations. It is important that these policies be debated and formulated on the basis of the best possible conceptual framework and with the most reliable possible quantitative assessments of their effects. It is also important that the policies concerned be considered jointly rather than in isolation from each other. The work will therefore directly assist policy makers in this area. Since it will be at the leading edge of current research, it will also benefit Australia's standing in the international research community.Read moreRead less
A Neo-Heckscher-Ohlin Model of Trade with Endogenous Production Patterns. The ongoing debate regarding the expected benefits of the recent trade agreement with the United States exemplifies that few aspects of international trade are well understood. Using inframarginal analysis, an approach developed by co-investigator 1, we expect to be able to advance our understanding in this field by producing what is arguably the most generalised model of trade. This will constitute an important accomplish ....A Neo-Heckscher-Ohlin Model of Trade with Endogenous Production Patterns. The ongoing debate regarding the expected benefits of the recent trade agreement with the United States exemplifies that few aspects of international trade are well understood. Using inframarginal analysis, an approach developed by co-investigator 1, we expect to be able to advance our understanding in this field by producing what is arguably the most generalised model of trade. This will constitute an important accomplishment that is likely to attract both international academic interest and international research funds to Australian research. In addition, as our model will be calibrated on the basis of our domestic production characteristics, our work will shed light on the socially optimum trade policy directions for Australia.Read moreRead less
Incomplete Information Models for Industrial Organisation. Mergers, acquisitions, and collusive conduct take place in imperfectly competitive environments where firms have incomplete information about others. Despite this, standard workhorse models for analyzing the associated competitive effects assume that firms have complete information and typically only accommodate imperfect competition on one side of the market. This project aims to remedy this deficiency by developing the economic theory ....Incomplete Information Models for Industrial Organisation. Mergers, acquisitions, and collusive conduct take place in imperfectly competitive environments where firms have incomplete information about others. Despite this, standard workhorse models for analyzing the associated competitive effects assume that firms have complete information and typically only accommodate imperfect competition on one side of the market. This project aims to remedy this deficiency by developing the economic theory and associated practical tools for the analysis of competitive effects in settings with incomplete information and market power on both sides. The project work will be presented at seminars and workshops around the globe to both academic audiences and to practitioners at competition authorities. Read moreRead less