A robust approach to designing mechanisms for budget constrained agents. This project aims to study the design of robust implementable allocation mechanisms for agents who face financial constraints. Financial constraints are important for housing markets, big business auctions and government procurement. Yet their effect on the performance of allocation policies is not well understood. The project intends to develop a general and tractable framework of allocation mechanisms that are implementab ....A robust approach to designing mechanisms for budget constrained agents. This project aims to study the design of robust implementable allocation mechanisms for agents who face financial constraints. Financial constraints are important for housing markets, big business auctions and government procurement. Yet their effect on the performance of allocation policies is not well understood. The project intends to develop a general and tractable framework of allocation mechanisms that are implementable without deficits. The project will adapt this framework to the study of revenue-maximising multi-object auctions with complementarities, and to house allocation problems and related situations where efficiency and priority assignments are important considerations. The project expects to provide policy insights and implications relevant to the Australian housing market.Read moreRead less
Reaching for tax breaks: Household financial decisions and tax policy. The project aims to investigate how two tax incentives – franking credits and negative gearing of investments – impact individual taxpayer risk-taking behaviour, voluntary savings and retirement outcomes. The project will develop a new measure of tax efficiency based on if, and how, individuals take advantage of franking credits and negative gearing. It will identify what factors drive the use of franking credits and negativ ....Reaching for tax breaks: Household financial decisions and tax policy. The project aims to investigate how two tax incentives – franking credits and negative gearing of investments – impact individual taxpayer risk-taking behaviour, voluntary savings and retirement outcomes. The project will develop a new measure of tax efficiency based on if, and how, individuals take advantage of franking credits and negative gearing. It will identify what factors drive the use of franking credits and negative gearing and whether their use is associated with better retirement outcomes. The findings of the project will potentially lead to an improvement in individuals’ financial literacy, retirement outcomes and reduce reliance on the aged pension.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE190100887
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
Economic analysis of time constraints on decision-making in health. This project aims to determine whether and how time constraints affect decision-making. Time constraints can impair the quality of decisions in health, resulting in serious medical and financial consequences. This project will employ experimental economic methods to examine how misaligned preferences and incentives influence decision-making under time constraints. The project will offer scientific evidence and accurate measureme ....Economic analysis of time constraints on decision-making in health. This project aims to determine whether and how time constraints affect decision-making. Time constraints can impair the quality of decisions in health, resulting in serious medical and financial consequences. This project will employ experimental economic methods to examine how misaligned preferences and incentives influence decision-making under time constraints. The project will offer scientific evidence and accurate measurements, provide insights into interventions to align the preferences of doctors and patients, and to lower the overtreatment of patients in the health-care market. The project expects to benefit society and contribute to a more efficient healthcare system.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE160100964
Funder
Australian Research Council
Funding Amount
$371,000.00
Summary
Understanding and designing persuasion mechanisms. The objective of this project is to understand and design persuasion mechanisms. Persuasion is about conveying information, influencing beliefs and manipulating actions. Educational campaigns and media censorship regulations are examples of persuasion mechanisms. Existing techniques from the economics of persuasion only permit analysis of specific and limited settings. This project aims to apply the classical mechanism design approach in a novel ....Understanding and designing persuasion mechanisms. The objective of this project is to understand and design persuasion mechanisms. Persuasion is about conveying information, influencing beliefs and manipulating actions. Educational campaigns and media censorship regulations are examples of persuasion mechanisms. Existing techniques from the economics of persuasion only permit analysis of specific and limited settings. This project aims to apply the classical mechanism design approach in a novel way to model persuasion in rich and realistic settings, thus providing insights into real-world situations. It is anticipated that this will allow us to answer questions such as ‘Should an educational campaign target different consumers with different information?’ and ‘When should a government censor extreme media outlets?'.Read moreRead less
Self-control in Economic Behaviour. This project aims to use new Australian data to study the way that people’s self-control affects their economic behaviour. This project expects to advance science by testing two new ways of identifying whether people understand their own self-control issues and conducting an innovative program of research that links people’s self-control to their life chances. Expected outcomes include an understanding of i) the factors driving the capacity for self-control; i ....Self-control in Economic Behaviour. This project aims to use new Australian data to study the way that people’s self-control affects their economic behaviour. This project expects to advance science by testing two new ways of identifying whether people understand their own self-control issues and conducting an innovative program of research that links people’s self-control to their life chances. Expected outcomes include an understanding of i) the factors driving the capacity for self-control; ii) the role of self-control in promoting wellbeing; and iii) policy options for improving outcomes through better self-control. This should provide significant benefits in supporting policy agendas such as the Government’s Priority Investment Approach and behavioural economics teams. Read moreRead less
Intergenerational Disadvantage: Causes, Pathways, and Consequences. This Project aims to prevent poor Australian children from becoming poor adults by developing scientific evidence and creative policy approaches to overcome entrenched disadvantage. The Project will generate new knowledge on how social assistance dependence is linked across generations using new Australian data. Expected outcomes are the identification of i) the causal link between parents’ and children’s social assistance depen ....Intergenerational Disadvantage: Causes, Pathways, and Consequences. This Project aims to prevent poor Australian children from becoming poor adults by developing scientific evidence and creative policy approaches to overcome entrenched disadvantage. The Project will generate new knowledge on how social assistance dependence is linked across generations using new Australian data. Expected outcomes are the identification of i) the causal link between parents’ and children’s social assistance dependence; ii) the pathways through which youths overcome disadvantage; and iii) the role of family structure in transmitting disadvantage. Transforming the evidence base, the findings will have significant benefits in redesigning the Australian social safety net, promoting social and economic mobility.Read moreRead less
Rank-dependent choice equilibrium. This project aims to develop and test a new statistical theory of games, Rank-Dependent Choice Equilibrium (RDCE), which has the potential to unify and improve on existing approaches where the extreme reliance on perfect decision making and perfect foresight has raised doubts about their empirical relevance. The project intends to develop the theoretical foundations of RDCE, explore its relation with various parametric approaches, and evaluate RDCE via meta stu ....Rank-dependent choice equilibrium. This project aims to develop and test a new statistical theory of games, Rank-Dependent Choice Equilibrium (RDCE), which has the potential to unify and improve on existing approaches where the extreme reliance on perfect decision making and perfect foresight has raised doubts about their empirical relevance. The project intends to develop the theoretical foundations of RDCE, explore its relation with various parametric approaches, and evaluate RDCE via meta studies and stress tests. Expected outcomes of RDCE include a paradigm shift in game theory, resulting in broader acceptance and adoption of statistical game theory and to more robust policy recommendations.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE200101266
Funder
Australian Research Council
Funding Amount
$420,039.00
Summary
Demystifying Puzzles in Retirement Planning. This project aims to investigate optimal retirement planning with stochastic and ambiguous mortality/longevity risks not previously considered in a unifying framework. By using an innovative approach utilising techniques from actuarial science, financial mathematics and stochastic control, this project expects to generate new knowledge in the area of personal longevity risk management. Expected outcome of the project include new insights to several pu ....Demystifying Puzzles in Retirement Planning. This project aims to investigate optimal retirement planning with stochastic and ambiguous mortality/longevity risks not previously considered in a unifying framework. By using an innovative approach utilising techniques from actuarial science, financial mathematics and stochastic control, this project expects to generate new knowledge in the area of personal longevity risk management. Expected outcome of the project include new insights to several puzzling questions in retirement studies. This should provide significant benefits to retirement education for retirees facing the risk of outliving retirement savings, thereby mitigating the pressing challenge caused by population ageing and longevity risk to pension systems in many countries.Read moreRead less
Equitable funding for health care: integrating social outcomes. This project will develop an innovative method for decision makers to achieve more equitable allocation of scarce health care resources. Health programs and treatments affect not just health (survival & health related quality of life) but also broader aspects of well-being (e.g. dignity, autonomy, safety). Our current methods for evaluating value for money in health do not capture these aspects. The project will provide benefit by a ....Equitable funding for health care: integrating social outcomes. This project will develop an innovative method for decision makers to achieve more equitable allocation of scarce health care resources. Health programs and treatments affect not just health (survival & health related quality of life) but also broader aspects of well-being (e.g. dignity, autonomy, safety). Our current methods for evaluating value for money in health do not capture these aspects. The project will provide benefit by allowing health system decision makers to achieve fairer allocation of resources across diverse health conditions, interventions and patient populations. Expected outcomes include a new tool for assessing interventions and measuring population health incorporating both health and social outcomes. Read moreRead less
Australian Seasonal Workers Programme and well-being impacts in Timor-Leste. This research aims to investigate the impacts of Australia’s Seasonal Workers Programme and South Korea’s Employment Permit System on the well-being of migrant workers and their families in Timor-Leste (East Timor). The contribution of this research to scholarship would be the creation of a sound method to measure the impact of temporary labour migration on well-being across various aspects of life that can be used by r ....Australian Seasonal Workers Programme and well-being impacts in Timor-Leste. This research aims to investigate the impacts of Australia’s Seasonal Workers Programme and South Korea’s Employment Permit System on the well-being of migrant workers and their families in Timor-Leste (East Timor). The contribution of this research to scholarship would be the creation of a sound method to measure the impact of temporary labour migration on well-being across various aspects of life that can be used by researchers in Timor-Leste and elsewhere to evaluate the development impacts of such migration schemes. The data will inform evidence-based policies to improve temporary labour migration schemes, meet urgent development priorities in Timor-Leste, and maximise the benefits of Australian aid funded labour migration schemes.Read moreRead less