Information Quality in Auctions of Multiple Objects. This project aims at using both theory and laboratory experiments to analyse the formation of prices and the buyers' behaviour at auctions of multiple objects. The study focusses on the comparison of simultaneous auction procedures (in which the objects are sold at once) to sequential auction procedures (in which the objects are sold one after the other) and attention is drawn on the effects of the quality of the buyers' information about the ....Information Quality in Auctions of Multiple Objects. This project aims at using both theory and laboratory experiments to analyse the formation of prices and the buyers' behaviour at auctions of multiple objects. The study focusses on the comparison of simultaneous auction procedures (in which the objects are sold at once) to sequential auction procedures (in which the objects are sold one after the other) and attention is drawn on the effects of the quality of the buyers' information about the assets to be sold on their bidding behaviour and on the seller's revenues. The conduct of laboratory experiments will provide a useful assessment of the theoretical predictions and valuable insights into the effects of buyers' information quality on their bidding behaviour at such markets.Read moreRead less
Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact ....Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact price and price volatility of water, market power, economic welfare of water traders, and what social and economic impacts water reforms in the past decades have in the Basin. The findings will provide critical evidence for evaluating future water reforms, building resilient rural communities and safeguarding food security.Read moreRead less
Redesigning Landcare policy to better coordinate across landholders. This project aims to study how landscape-sensitive economic incentives and social norms can be leveraged to enhance the short- and long-term effectiveness of conservation programs. It will yield new knowledge for innovative designs in conservation contracting that is urgently needed to address worsening environmental threats in Australia and worldwide. In collaboration with Nobel laureate Vernon Smith’s team, new methods and pr ....Redesigning Landcare policy to better coordinate across landholders. This project aims to study how landscape-sensitive economic incentives and social norms can be leveraged to enhance the short- and long-term effectiveness of conservation programs. It will yield new knowledge for innovative designs in conservation contracting that is urgently needed to address worsening environmental threats in Australia and worldwide. In collaboration with Nobel laureate Vernon Smith’s team, new methods and protocols will improve our ability to generate better data and better understand how social and incentive mechanisms can constructively interact to facilitate collaborative environmental action. Results will help make the achievement of environmental targets and the use of public funds more cost-effective. Read moreRead less
Switching Dynamics Approach for Distributed Global Optimisation . This project aims to create a breakthrough switching dynamics approach and new technology to speed up finding optimal solutions. It will develop a distributed switching dynamics based optimisation scheme for global optimisation problems in industrial big-data environments where timely decision making is required. It will result in a practical technology for industry optimisation problems such as economic energy dispatch in smart g ....Switching Dynamics Approach for Distributed Global Optimisation . This project aims to create a breakthrough switching dynamics approach and new technology to speed up finding optimal solutions. It will develop a distributed switching dynamics based optimisation scheme for global optimisation problems in industrial big-data environments where timely decision making is required. It will result in a practical technology for industry optimisation problems such as economic energy dispatch in smart grids and optimal charging and discharging tasks in a large network of electric vehicles, helping Australian power industry improve efficiency and security, as well as training the next generation scientists and engineers for Australia in this emerging field.Read moreRead less
Hydrogen carbon waste into concrete: AI assisted nanoscience approach. The carbon waste from hydrogen production will be converted into carbon nanosheets on abundant construction materials for the creation of stronger and more durable concrete. Cutting-edge nanoscience-based experiments, as well as sophisticated modelling techniques including machine learning and finite element modelling, will be employed. The findings will drive advances in clean hydrogen production, carbon waste utilisation, c ....Hydrogen carbon waste into concrete: AI assisted nanoscience approach. The carbon waste from hydrogen production will be converted into carbon nanosheets on abundant construction materials for the creation of stronger and more durable concrete. Cutting-edge nanoscience-based experiments, as well as sophisticated modelling techniques including machine learning and finite element modelling, will be employed. The findings will drive advances in clean hydrogen production, carbon waste utilisation, cement hydration, nanotechnology and concrete technology for the next generation of an upskilled workforce and the promotion of a circular economy. This project will be carried out in collaboration with Australian and international renowned experts in computational modelling, nanomaterials and concrete materials.Read moreRead less
Adaptation of carbon free fuels to high temperature industrial processes. This project aims to deepen our understanding of the underpinning scientific and engineering solutions required to adapt carbon free renewable fuels to high temperature industrial processes. The project will advance the knowledge base of innovative strategies, such as fuel blending and oxidant stream vitiation needed to replace fossil based fuels with alternatives such as hydrogen, or ammonia. Advance experimental and comp ....Adaptation of carbon free fuels to high temperature industrial processes. This project aims to deepen our understanding of the underpinning scientific and engineering solutions required to adapt carbon free renewable fuels to high temperature industrial processes. The project will advance the knowledge base of innovative strategies, such as fuel blending and oxidant stream vitiation needed to replace fossil based fuels with alternatives such as hydrogen, or ammonia. Advance experimental and computational tools will be used to investigate the controlling parameters to facilitate adaptation including burning characteristics, modes of heat transfer and pollutant emissions. The project will generate deeper understanding of the proposed approaches, detailed and unique high fidelity data, and suitable predictive models.Read moreRead less