The Behavioural Economics of Corruption. While corruption is pervasive around the world, the form it takes can vary in different situations. In some cases it takes the form of harassment or collusion between different parties and in other situations it is in the shape of embezzlement. This proposal uses behavioural economics to understand corruption and identifies novel ways to curb it. In particular, it examines the effectiveness of different policy instruments when faced with distinct forms of ....The Behavioural Economics of Corruption. While corruption is pervasive around the world, the form it takes can vary in different situations. In some cases it takes the form of harassment or collusion between different parties and in other situations it is in the shape of embezzlement. This proposal uses behavioural economics to understand corruption and identifies novel ways to curb it. In particular, it examines the effectiveness of different policy instruments when faced with distinct forms of corruption. It also explores how corruption affects the giving behaviour of donors. Examining the causes and consequences of different kinds of corruption is critical for developing appropriate mitigation policies.Read moreRead less
The failings of financial markets. Financial markets are failing to serve society. The recent Royal Commission into Misconduct in Financial Services has highlighted many examples, as have major litigation cases against Australia’s banks for market manipulation at enormous scale. Markets are becoming increasingly fragile with the automation of trading and are failing in funding companies, with fewer companies listing on stock markets. This project will investigate how and why financial markets ar ....The failings of financial markets. Financial markets are failing to serve society. The recent Royal Commission into Misconduct in Financial Services has highlighted many examples, as have major litigation cases against Australia’s banks for market manipulation at enormous scale. Markets are becoming increasingly fragile with the automation of trading and are failing in funding companies, with fewer companies listing on stock markets. This project will investigate how and why financial markets are failing, what are the real effects of these failings, and what should be done about them. The project will develop policy solutions to mitigate the failings, thereby enhancing Australia’s economic prosperity, benefitting retirement savings, and improving regulatory efficiency.
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