Increasing Returns and Economic Efficiency. The project attempts to increase the international profile of Australian research by extending the analysis of the challenging issues of economic efficiency in the presence of increasing returns. The proposed analysis takes account of both allocational efficiency and organizational efficiency. It will integrate the Dixit-Stiglitz model of the traditional analysis with the Yang-Ng-Shi model of the new framework to provide a more realistic analysis that ....Increasing Returns and Economic Efficiency. The project attempts to increase the international profile of Australian research by extending the analysis of the challenging issues of economic efficiency in the presence of increasing returns. The proposed analysis takes account of both allocational efficiency and organizational efficiency. It will integrate the Dixit-Stiglitz model of the traditional analysis with the Yang-Ng-Shi model of the new framework to provide a more realistic analysis that allows for increasing returns in both home and firm/market production. This conceptual extension constitutes an advance that is of analytical value and will also be relevant for the formulation of public economic policy in the Australian setting and also more generally. Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE200100590
Funder
Australian Research Council
Funding Amount
$416,154.00
Summary
Optimal policy and mechanism design in education and labour markets. This project aims to investigate the optimal design and efficiency implications of education and labour market policies such as differential treatment in school assignment, university admissions, hiring and promotions within organisations. The project expects to develop novel theoretical models of public policy using techniques from information economics and mechanism design. The expected outcomes of this project include an enh ....Optimal policy and mechanism design in education and labour markets. This project aims to investigate the optimal design and efficiency implications of education and labour market policies such as differential treatment in school assignment, university admissions, hiring and promotions within organisations. The project expects to develop novel theoretical models of public policy using techniques from information economics and mechanism design. The expected outcomes of this project include an enhanced capacity to design policies and a new conceptual framework to assess their efficiency. This should enable policymakers and organisations to implement more efficient policies, and inform public debates on the merits of preferential treatment, gender equity policies and other education and labour market policies. Read moreRead less
Information and market design: mediation and analogical argumentation. This project aims to increase knowledge of how judicious disclosure of information facilitates economic exchange and social interactions and to shed light on how mediation can be an effective mode of dispute resolution. The project seeks to uncover how analogical arguments can be persuasive and determine social outcomes as well as provide guidance for advocates and decision makers on the best way to persuade and counteract mi ....Information and market design: mediation and analogical argumentation. This project aims to increase knowledge of how judicious disclosure of information facilitates economic exchange and social interactions and to shed light on how mediation can be an effective mode of dispute resolution. The project seeks to uncover how analogical arguments can be persuasive and determine social outcomes as well as provide guidance for advocates and decision makers on the best way to persuade and counteract misleading persuasion practices. Besides producing significant new knowledge, the project promises to inform future innovative economic, social and cultural developments of benefit to the Australian and international community.Read moreRead less
Economic efficiency and the provision of incentives for information acquisition and disclosure: a mechanism design approach. By uncovering what determines information acquisition, highlighting what allows experts and insiders to manipulate market outcomes, and studying the efficiency gains obtainable with the use of a variety of incentives schemes, this research will provide valuable insights for public policy concerning information diffusion and market transparency.