Posted prices, bargaining and auctions: an experimental examination. This project uses economic methods to investigate how trading institutions affect prices and efficiency. It examines markets with directed search: buyers visit sellers based on any information they have. Simultaneous buyer choices and sellers’ capacity constraints lead to “frictions” where not all profitable exchanges occur - more realistic than the usual “frictionless” assumption. The project will vary: whether sellers can pos ....Posted prices, bargaining and auctions: an experimental examination. This project uses economic methods to investigate how trading institutions affect prices and efficiency. It examines markets with directed search: buyers visit sellers based on any information they have. Simultaneous buyer choices and sellers’ capacity constraints lead to “frictions” where not all profitable exchanges occur - more realistic than the usual “frictionless” assumption. The project will vary: whether sellers can post prices in advance; and, whether and how negotiation occurs based on how many buyers (one vs two or more) visit a seller. The project will use results from auction, bargaining, game and search theories, and new analysis, to form predictions, which will be tested using experiments. The results should have implications for labour and competition policies.Read moreRead less
The effect of bargaining power on bargaining outcomes: the roles of institutions, earned bargaining position and social norms. Previous research has found that people exploit their bargaining power far less than economic theories predict. This project uses an economics experiment to study several factors affecting how bargaining power is used: restrictions on the bargaining process; whether and how bargaining power is 'earned' and whether equal divisions are plausible.
Discovery Early Career Researcher Award - Grant ID: DE190100585
Funder
Australian Research Council
Funding Amount
$370,000.00
Summary
Women, task allocations, and advancement in the labour market. This project aims to investigate the origins and labour market consequences of gender differences in willingness to perform low-promotability tasks. The design of practices and institutions that can close gender gaps in the labour market and promote the advancement of the highest quality workforce in organisations requires information about the factors that affect career advancement. This project will study the allocation of tasks th ....Women, task allocations, and advancement in the labour market. This project aims to investigate the origins and labour market consequences of gender differences in willingness to perform low-promotability tasks. The design of practices and institutions that can close gender gaps in the labour market and promote the advancement of the highest quality workforce in organisations requires information about the factors that affect career advancement. This project will study the allocation of tasks that do not enhance prospects for promotion. The project will provide new insights regarding how organisations and the government can design programs to reduce the under-representation of women in leadership positions and in traditionally male-dominated fields.Read moreRead less
Economics of Biased Beliefs: Implications for Diversity Gaps in Workplaces. By developing state-of-the-art experimental and behavioural methodologies to study biased belief formation, this project aims to improve our understanding of the factors contributing to diversity gaps in labour market outcomes in Australia. The project investigates biases in the beliefs formed about the performance of women and minorities, and how these biases can be reduced through policy interventions and improved orga ....Economics of Biased Beliefs: Implications for Diversity Gaps in Workplaces. By developing state-of-the-art experimental and behavioural methodologies to study biased belief formation, this project aims to improve our understanding of the factors contributing to diversity gaps in labour market outcomes in Australia. The project investigates biases in the beliefs formed about the performance of women and minorities, and how these biases can be reduced through policy interventions and improved organisational structures. Expected outcomes include informing policy makers of appropriate interventions and expanding scholarly knowledge of the economic impact of discrimination. The insights gained will enhance Australia’s economic performance by improving workplace diversity and dynamics.Read moreRead less
Measuring the Commercial Real Estate Sector in Australia. This project aims to address a significant gap in our understanding of the Australian commercial real estate sector. It will use detailed data to develop sophisticated models of the prices of commercial buildings. Expected outcomes include a suite of commercial real estate price indexes for Australia, by region and property type, and a comprehensive and transparent examination of the methods used to construct them. This will shed light on ....Measuring the Commercial Real Estate Sector in Australia. This project aims to address a significant gap in our understanding of the Australian commercial real estate sector. It will use detailed data to develop sophisticated models of the prices of commercial buildings. Expected outcomes include a suite of commercial real estate price indexes for Australia, by region and property type, and a comprehensive and transparent examination of the methods used to construct them. This will shed light on a hitherto poorly measured sector and provide significant benefits by better informing market participants, guiding statistical agencies in developing such measures and better-enabling policymakers, banks, superfunds and macroprudential authorities to understand the risk profile of the sector.Read moreRead less