Keeping Capital Markets Efficient: A National Strategy on the Future of Auditing. The lack of confidence in the reliability of financial statement information is costly to the Australian capital market. The auditing profession is also struggling to attract and retain skilled professionals, which can erode audit quality. Using a rigorous research design to understand business community expectations and concerns, this project will provide a national forum that informs and directs responsible natio ....Keeping Capital Markets Efficient: A National Strategy on the Future of Auditing. The lack of confidence in the reliability of financial statement information is costly to the Australian capital market. The auditing profession is also struggling to attract and retain skilled professionals, which can erode audit quality. Using a rigorous research design to understand business community expectations and concerns, this project will provide a national forum that informs and directs responsible national strategy to ensure that high quality audit services are procured by corporate Australia. Improved audit quality will have the effect of improving the efficiency and attractiveness of the Australian capital market and address the skill shortage in auditing. Read moreRead less
Analysis of the Global Price Competitiveness of Tourism with particular reference to Australia. Price competitiveness is a key determinant of tourism flows, and this project will measure and explain global patterns in competitiveness. Building on earlier work by the investigators, it will expand the measures of competitiveness and develop a new method for measuring competitiveness in package tourism. Cross country differences in industry productivity are a primary reason why competitiveness di ....Analysis of the Global Price Competitiveness of Tourism with particular reference to Australia. Price competitiveness is a key determinant of tourism flows, and this project will measure and explain global patterns in competitiveness. Building on earlier work by the investigators, it will expand the measures of competitiveness and develop a new method for measuring competitiveness in package tourism. Cross country differences in industry productivity are a primary reason why competitiveness differs; productivity will be measured using input and output prices. Patterns in productivity will be analysed, and the hypothesis that productivity varies inversely with real incomes, observed in other service industries, will be tested.Read moreRead less
Strategic Contracting with Complementary Assets under Assymetric Information. With the recent tendency for companies to patent any feasible innovations they might make, public policy must focus on the disincentive effects this may have for producers who must combine multiple patents. The project seeks to understand the 'holdout problem' that stems from such situations, and evaluate policy solutions for Australia and Internationally. Expected outcomes include publication in leading Australian and ....Strategic Contracting with Complementary Assets under Assymetric Information. With the recent tendency for companies to patent any feasible innovations they might make, public policy must focus on the disincentive effects this may have for producers who must combine multiple patents. The project seeks to understand the 'holdout problem' that stems from such situations, and evaluate policy solutions for Australia and Internationally. Expected outcomes include publication in leading Australian and International journals, and inputs to the policy debate.Read moreRead less
ARC Research Network for Economic Design. The Economic Design Network is a partnership of more than one hundred researchers and over forty international universities and research centres. The Network will support cross disciplinary research and policy innovation using state of the art techniques in economic theory and experimental economics. It will create practical policy tools that can be used to solve complex social and economic problems in industry economics, health economics and environment ....ARC Research Network for Economic Design. The Economic Design Network is a partnership of more than one hundred researchers and over forty international universities and research centres. The Network will support cross disciplinary research and policy innovation using state of the art techniques in economic theory and experimental economics. It will create practical policy tools that can be used to solve complex social and economic problems in industry economics, health economics and environmental policy. By linking Australian mid and early career researchers into multidisciplinary teams based around the world's top experimental economics laboratories, it will create a world class economic design capacity in Australia.Read moreRead less
Advancing the Ecological Footprint for Application to Policy Development. To be effective, policies that promote Ecologically Sustainable Development (ESD) must operate at many levels. For example, it is of little consequence if individual consumers are empowered to achieve greater sustainability but the capability of corporations and governments to do so remains limited. Our carefully chosen industry collaborations will ensure that effective environmental policy development can be implemented a ....Advancing the Ecological Footprint for Application to Policy Development. To be effective, policies that promote Ecologically Sustainable Development (ESD) must operate at many levels. For example, it is of little consequence if individual consumers are empowered to achieve greater sustainability but the capability of corporations and governments to do so remains limited. Our carefully chosen industry collaborations will ensure that effective environmental policy development can be implemented at the global, national, state and corporate level. This will allow us, as a nation, to better protect the resources upon which the environment and the economy rely. This research will also allow Australia to be a world leader in the implementation of sustainable development.Read moreRead less
Balancing the risk of harm with productivity in the mercurial firm: economic theory and applications to Australian policy. Australia has had at least one significant chemical spill per month for the last 30 years. While the Longford disaster fades from the news, James Hardy's asbestos problem fills its place. This project will develop a general conceptual framework in which to analyse the economics of risky firms. The framework will be used to evaluate Australian, International, and alternative ....Balancing the risk of harm with productivity in the mercurial firm: economic theory and applications to Australian policy. Australia has had at least one significant chemical spill per month for the last 30 years. While the Longford disaster fades from the news, James Hardy's asbestos problem fills its place. This project will develop a general conceptual framework in which to analyse the economics of risky firms. The framework will be used to evaluate Australian, International, and alternative policies. The end benefit to Australia will be an improvement in policy toward firms that cause accidents.Read moreRead less
Fashion, Identity and the City: Making an 'Australian Style' in fashion, Sydney in the 1970s-80s. The Australian Textile Clothing and Footwear industry provides over 48,000 jobs and contributes $2.8 billion to the national economy. Innovation at the 'high end' or 'designer' end of the market is especially important in establishing and maintaining the idea of Australia as an originator of innovative ideas and desirable fashionable style. Insight into how this happens resides within an historical ....Fashion, Identity and the City: Making an 'Australian Style' in fashion, Sydney in the 1970s-80s. The Australian Textile Clothing and Footwear industry provides over 48,000 jobs and contributes $2.8 billion to the national economy. Innovation at the 'high end' or 'designer' end of the market is especially important in establishing and maintaining the idea of Australia as an originator of innovative ideas and desirable fashionable style. Insight into how this happens resides within an historical context and cannot be simply conjured up. The project's findings will enhance our understanding of the conditions leading to Australian design and style innovation, contributing to National Priority Three by creating a better understanding of the conditions conducive to innovation.Read moreRead less