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.
Discovery Early Career Researcher Award - Grant ID: DE130100996
Funder
Australian Research Council
Funding Amount
$372,000.00
Summary
Social learning: the diffusion of residential rooftop photovoltaic panels in Australia. Residential photovoltaic (PV) panels provide a sustainable solution to energy supply helping to address the climate change challenge. This project develops novel methodologies to study the diffusion mechanisms of PV panels. The outcomes will be useful for energy industries and the government for the effective formulation of their business strategies and policies.
The Aging Population, Superannuation and Corporate Dividend Policy. The project intends to examine how population wealth and age affect one important aspect of corporate decision-making, namely dividend policy. Researchers invest considerable effort in understanding how demographics impact upon the need for, and structure of, government systems including social security and taxation, but relatively little is known about its effect on capital markets or corporate decision-making. Although individ ....The Aging Population, Superannuation and Corporate Dividend Policy. The project intends to examine how population wealth and age affect one important aspect of corporate decision-making, namely dividend policy. Researchers invest considerable effort in understanding how demographics impact upon the need for, and structure of, government systems including social security and taxation, but relatively little is known about its effect on capital markets or corporate decision-making. Although individual investors are, by nature, atomistic, the project argues changes in investor preferences will ultimately prompt companies to alter their dividend policies. Pressure on firms to update these policies will come from superannuation and pension fund managers who, as fiduciaries, will invest money consistent with clients' revised preferences. The project aims to more fully characterise how Australia's ageing population will affect the public and private sectors.Read moreRead less
Linkage Infrastructure, Equipment And Facilities - Grant ID: LE130100113
Funder
Australian Research Council
Funding Amount
$390,000.00
Summary
Travel Choice Simulation Laboratory (TRACSLab): a visualisation laboratory to study travel behaviour and drivers’ interactions. Travel Choice Simulation Laboratory (TRACSLab) is a world-first facility to observe collective travel choice in a realistic lab environment. It is unique due to the focus on travel choice, networked interaction and strong teaming. The findings of the lab will support a new generation of transport analysis techniques for emerging issues such as sustainability, reliabili ....Travel Choice Simulation Laboratory (TRACSLab): a visualisation laboratory to study travel behaviour and drivers’ interactions. Travel Choice Simulation Laboratory (TRACSLab) is a world-first facility to observe collective travel choice in a realistic lab environment. It is unique due to the focus on travel choice, networked interaction and strong teaming. The findings of the lab will support a new generation of transport analysis techniques for emerging issues such as sustainability, reliability, and intelligent transport systems (ITS).Read moreRead less
Computational methods for solving modern asset pricing models. This project aims to solve a broad range of asset pricing models. Movements in asset prices affect private investors, public sector finances, wealth distribution and business activity levels. Economists have tried to build better models of asset prices, moving away from hyper-rationality and towards realistic features including heterogeneity, habit persistence and bounded rationality. These models’ additional complexity makes them di ....Computational methods for solving modern asset pricing models. This project aims to solve a broad range of asset pricing models. Movements in asset prices affect private investors, public sector finances, wealth distribution and business activity levels. Economists have tried to build better models of asset prices, moving away from hyper-rationality and towards realistic features including heterogeneity, habit persistence and bounded rationality. These models’ additional complexity makes them difficult to solve or to apply to real world problems. The project will use modern hardware and computational tools, insights from economics literature and numerical analysis to provide a set of solution methods for such asset pricing models. This is expected to improve policy analysis and decision making under uncertainty.Read moreRead less
Estimating the impact of fiscal stimulus on household expenditure. The tax bonus payments of the $42 billion Nation Building and Jobs Plan were among the largest fiscal policy packages in the developed world. This project applies a new methodology to estimate the short-term impact of this cash handout on consumer spending, allowing better modelling of the Australian economy.