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International Comparisons of Consumption, Incomes and Prices. This project will provide insights into the workings of the world economy, and how it might change in the future. This will be beneficial to the Australian economy as the role of international trade in goods, people and capital is likely to become even more important to us in the future. The project will also enhance Australia's reputation for producing high-level research of both a fundamental and applied nature in consumption econ ....International Comparisons of Consumption, Incomes and Prices. This project will provide insights into the workings of the world economy, and how it might change in the future. This will be beneficial to the Australian economy as the role of international trade in goods, people and capital is likely to become even more important to us in the future. The project will also enhance Australia's reputation for producing high-level research of both a fundamental and applied nature in consumption economics and international economics. It is hoped that the training of research students will be a further benefit of the project.Read moreRead less
Optimism, Pessimism and Confidence - Their economic impacts. When modelling uncertainty, economists typically assume people utilise well-behaved and precise probabilities. As most people have only the vaguest conception of chances of terrorist acts, of contracting SARS, or of extreme market volatility, this limits usefulness of the standard model in predicting or guiding choice. This project aims to incorporate a richer set of attitudes about uncertainty into economic theory, including impreci ....Optimism, Pessimism and Confidence - Their economic impacts. When modelling uncertainty, economists typically assume people utilise well-behaved and precise probabilities. As most people have only the vaguest conception of chances of terrorist acts, of contracting SARS, or of extreme market volatility, this limits usefulness of the standard model in predicting or guiding choice. This project aims to incorporate a richer set of attitudes about uncertainty into economic theory, including imprecise estimates of chance, optimistic (or pessimistic) bias, and relative confidence. This will enable more rigorous analysis of topics like irrational exuberance (panic), consumer stampedes, and (in)tolerance of risk, thereby improving the measurement of benefits and costs of related actions or policies.Read moreRead less
Measurement and Sources of Productivity Growth under Imperfect Competition. The relative growth performance of countries using net output will free comparisons from the contentious and differing adjustments made by many statistical agencies in an attempt to take account of quality change in capital goods. Thus, Australia will have a better understanding of its relative performance in terms of growth, and thus be better positioned to make informed policy decisions. In addition, whether producti ....Measurement and Sources of Productivity Growth under Imperfect Competition. The relative growth performance of countries using net output will free comparisons from the contentious and differing adjustments made by many statistical agencies in an attempt to take account of quality change in capital goods. Thus, Australia will have a better understanding of its relative performance in terms of growth, and thus be better positioned to make informed policy decisions. In addition, whether productivity growth is mainly driven by technical progress or returns to scale, and the size of monopolistic markups, has a large bearing on how we view the performance of an economy and its potential for future growth.Read moreRead less
Legitimacy and representation: A comprehensive study of electoral systems and strategic voting behaviour. What makes a good electoral system? How can it reflect the preference of the majority while guaranteeing representation to minorities? Should voting be voluntary or mandatory? These are very relevant questions for any democracy, but particularly so for Australia: a country which has always been at the forefront of the electoral debate, that proudly strives to represent with fairness all sect ....Legitimacy and representation: A comprehensive study of electoral systems and strategic voting behaviour. What makes a good electoral system? How can it reflect the preference of the majority while guaranteeing representation to minorities? Should voting be voluntary or mandatory? These are very relevant questions for any democracy, but particularly so for Australia: a country which has always been at the forefront of the electoral debate, that proudly strives to represent with fairness all sectors of its very diverse society and where voting is not only a citizen's right, but also her duty. By approaching these issues in a game theoretic framework, this project proposes to investigate the strategic nature of voting through a comprehensive study of electoral systems. The project will then test our theoretical predictions through a series of laboratory experiments. 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.
Resilient Democracy for the 21st Century. This project will establish novel foundational theoretical frameworks for the design of democratic institutions that can withstand internal and external pressure towards autocratisation. It will develop state of the art dynamic models of information manipulation and political dynamics, and analyse large-scale online survey experiments, as well as contemporary and historical data. This combination will deliver new insights into the management of sensitive ....Resilient Democracy for the 21st Century. This project will establish novel foundational theoretical frameworks for the design of democratic institutions that can withstand internal and external pressure towards autocratisation. It will develop state of the art dynamic models of information manipulation and political dynamics, and analyse large-scale online survey experiments, as well as contemporary and historical data. This combination will deliver new insights into the management of sensitive information and how to protect democracy from information manipulation. Ultimately, the project will generate a body of theoretical and empirical evidence for the design of more effective and resilient democratic institutions for a more inclusive economic development. 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
Can Electronic Point-of-Sale (POS) Data Improve the Australian Consumer Price Index? This project will investigate how new sources of data can be used to improve the accuracy of price indexes that are used in policy formation, such as the consumer price index. The adoption of bar-code labelling for products has provided statistical agencies with an information-rich source of 'scanner data' on prices and quantities of purchased goods. In collaboration with the Australian Bureau of Statistics, thi ....Can Electronic Point-of-Sale (POS) Data Improve the Australian Consumer Price Index? This project will investigate how new sources of data can be used to improve the accuracy of price indexes that are used in policy formation, such as the consumer price index. The adoption of bar-code labelling for products has provided statistical agencies with an information-rich source of 'scanner data' on prices and quantities of purchased goods. In collaboration with the Australian Bureau of Statistics, this project will develop mathematical and statistical methods for exploiting this new data source. The findings will contribute to the improvement of price indexes, and subsequently the many government policies that depend on these indexes.Read moreRead less
Scanner Data in the Consumer Price Index: How to expand and improve their use. The Consumer Price Index (CPI) is used in a variety of policy contexts, such as setting interest rates and determining the level of welfare payments, as well as by private industry for determining wages. The CPI is aggregate measure of price changes. It is typically constructed using survey data, which is a small sample of all the goods purchased. Electronic recording of sales, using scanned product bar codes, provide ....Scanner Data in the Consumer Price Index: How to expand and improve their use. The Consumer Price Index (CPI) is used in a variety of policy contexts, such as setting interest rates and determining the level of welfare payments, as well as by private industry for determining wages. The CPI is aggregate measure of price changes. It is typically constructed using survey data, which is a small sample of all the goods purchased. Electronic recording of sales, using scanned product bar codes, provides a huge amount of price and quantity information that potentially can be used to construct an improved CPI, and hence improved policies. The project includes the collaboration of the Australian Bureau of Statistics and the Central Bureau of Statistics (The Netherlands).Read moreRead less
Inductive game theory: experiential knowledge, interactions, and limited inferences in social contexts. This research project stresses the importance of limited experiences and limited inferential abilities for explaining differences observed across individuals and groups in society. The project will use inductive game theory to attack problems and conflicts between individuals and groups based on such limitations.