Partial equity ownership and knowledge transfer: An economic analysis of strategic alliances. Since 1997, 5462 cases of equity strategic alliances have been identified within Australia. In 2003, the ACCC rejected a proposal by Qantas and Air New Zealand to enter into such an alliance on the grounds that it would be highly anti-competitive. Under what conditions should the Government allow or prevent the formation of equity strategic alliances? Under what circumstances can such alliances benefit ....Partial equity ownership and knowledge transfer: An economic analysis of strategic alliances. Since 1997, 5462 cases of equity strategic alliances have been identified within Australia. In 2003, the ACCC rejected a proposal by Qantas and Air New Zealand to enter into such an alliance on the grounds that it would be highly anti-competitive. Under what conditions should the Government allow or prevent the formation of equity strategic alliances? Under what circumstances can such alliances benefit consumers and society? This project addresses these questions by systematically exploring the link between equity ownership and knowledge transfer. It will contribute to the effective operation of the Australian economy by proposing comprehensive guidelines for antitrust agencies to analyse welfare consequences of equity strategic alliances.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
Innovation incentives in the Internet economy: a multi-sided market approach. The internet is a fundamental infrastructure for economic growth and prosperity in the global economy. Maintaining competition and promoting innovation in the internet industry thus is of paramount importance. The aim of this project is to push the frontier of research and advance public policy regarding the internet and, more generally, towards the ICT industry. The project will develop comprehensive and innovative e ....Innovation incentives in the Internet economy: a multi-sided market approach. The internet is a fundamental infrastructure for economic growth and prosperity in the global economy. Maintaining competition and promoting innovation in the internet industry thus is of paramount importance. The aim of this project is to push the frontier of research and advance public policy regarding the internet and, more generally, towards the ICT industry. The project will develop comprehensive and innovative economic models to understand better the innovation process in the internet industry. This will enable formulation of regulatory policies based on rigorous and evidence-based analysis to create an environment that would help the Australian economy sustain global competitiveness in the innovation-driven internet industry.Read moreRead less
Developing criteria to help solve Australia's urban infrastructure crisis. The key items of infrastructure in our cities are seen to be in crisis. Yet despite a growing willingness to fund new infrastructure, governments at all levels struggle to devise, rank and deliver infrastructure projects. The project will recover and rebuild a language for understanding the role of infrastructure in Australian cities and then devise criteria for better enactment of the infrastructure procurement and provi ....Developing criteria to help solve Australia's urban infrastructure crisis. The key items of infrastructure in our cities are seen to be in crisis. Yet despite a growing willingness to fund new infrastructure, governments at all levels struggle to devise, rank and deliver infrastructure projects. The project will recover and rebuild a language for understanding the role of infrastructure in Australian cities and then devise criteria for better enactment of the infrastructure procurement and provisioning processes. The project's prime outcomes will intersect with a growing need for better ways to build and operate large economic infrastructure and thus contribute to building cities that perform better economically, are more liveable, and contribute to long term environmental sustainability goals.Read moreRead less
Economic Analyses of Competitor Collaboration: Theory, Evidence, and Policy Implications. Several industries in Australia (eg. airlines, banking, telecommunications) exhibit some common characteristics: few big firms, with significant market power, selling differentiated products. Given the level of market concentration in these industries, mergers are unlikely to improve welfare. However, is the same true for collaborations on value-creating activities? What decisions, if any, should any two fi ....Economic Analyses of Competitor Collaboration: Theory, Evidence, and Policy Implications. Several industries in Australia (eg. airlines, banking, telecommunications) exhibit some common characteristics: few big firms, with significant market power, selling differentiated products. Given the level of market concentration in these industries, mergers are unlikely to improve welfare. However, is the same true for collaborations on value-creating activities? What decisions, if any, should any two firms be allowed to collaborate on? What are their effects on rival firms and consumers? The project will develop the first unifying framework to address these questions. Our research findings are expected to assist the competition policymakers in comprehensively assessing the welfare impacts of competitor collaborationsRead moreRead less
A high performance, robust and sensorless Natural Field Oriented controller for induction machine drives. Natural Field Orientation (NFO) is a technique of field oriented control of AC machines that is potentially very robust, able to operate at low speeds, and inherently sensorless. However, it is a little known fact that under regenerative conditions the algorithm is unstable. The primary aim of this project is to develop a NFO algorithm that is stable under regeneration, and has minimum depen ....A high performance, robust and sensorless Natural Field Oriented controller for induction machine drives. Natural Field Orientation (NFO) is a technique of field oriented control of AC machines that is potentially very robust, able to operate at low speeds, and inherently sensorless. However, it is a little known fact that under regenerative conditions the algorithm is unstable. The primary aim of this project is to develop a NFO algorithm that is stable under regeneration, and has minimum dependence on machine parameters. If these aims are achieved the NFO algorithm would be a significant addition to control algorithms for AC machines, allowing their use in a broader range of applications.
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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
Managing the Diffusion of Innovations: Understanding the Processes of R&D Collaboration in East Asia and drawing lessons for Australia. A series of collaborative R&D ventures have emerged in East Asia, within quite distinctive institutional frameworks. Unlike the case of many of the collaborative arrangements in the US, Europe or Japan, where mutual risk reduction is frequently the driving influence, in the case of Taiwan, Korea and Singapore it is technological learning, upgrading and catch-up ....Managing the Diffusion of Innovations: Understanding the Processes of R&D Collaboration in East Asia and drawing lessons for Australia. A series of collaborative R&D ventures have emerged in East Asia, within quite distinctive institutional frameworks. Unlike the case of many of the collaborative arrangements in the US, Europe or Japan, where mutual risk reduction is frequently the driving influence, in the case of Taiwan, Korea and Singapore it is technological learning, upgrading and catch-up industry creation that is the object of the collaborative exercises. The study is concerned with the evolving organizational architecture of these R&D alliances and seeks to draw comparisons between them and established collaborative arrangements in the USA, Japan and Europe, and draw lessons for Australia.Read moreRead less
Cyclical industrial dynamics in high-technology industry: The case of Flat Panel Displays. Australian high-technology industry policy is strongly focused on securing entry by Australian firms into such industries as semiconductors and flat panel displays (which utilize ICT and photonics technologies). Success to date has been modest. One of the prime barriers to entry is the cyclical character of the industries - in the sense that firms in East Asia appear to have secured entry only during downt ....Cyclical industrial dynamics in high-technology industry: The case of Flat Panel Displays. Australian high-technology industry policy is strongly focused on securing entry by Australian firms into such industries as semiconductors and flat panel displays (which utilize ICT and photonics technologies). Success to date has been modest. One of the prime barriers to entry is the cyclical character of the industries - in the sense that firms in East Asia appear to have secured entry only during downturns. A deeper understanding of the cyclical industrial dynamics of such industries promises to enhance the prospects for successful entry by Australian firms, and thereby contribute to fulfilling the goals of public policy in this area.Read moreRead less
Tackling the Tough Problems in Productivity Measurement: Infrastructure, Services and R&D. Productivity is seen as a main driver of economic growth and welfare improvements. Productivity indexes are used in a variety of policy contexts, in particular in determining the effectiveness (or otherwise) of government policies. Most industrialized countries have productivity accounts, but measurement problems persist and may even be more problematic in the future given an expansion in new goods and ser ....Tackling the Tough Problems in Productivity Measurement: Infrastructure, Services and R&D. Productivity is seen as a main driver of economic growth and welfare improvements. Productivity indexes are used in a variety of policy contexts, in particular in determining the effectiveness (or otherwise) of government policies. Most industrialized countries have productivity accounts, but measurement problems persist and may even be more problematic in the future given an expansion in new goods and services. Improved productivity measurement and an improved understanding of its sources can inform aggregate and regional policy. The project includes collaboration with the Australian Bureau of Statistics and the Productivity Commission, with the participation of the Reserve Bank of Australia.Read moreRead less