Banks, endogenous network formations and financial crisis. This project aims to understand how endogenous network formations affect financial crisis and how such situations can be made into a coherent microeconomic model of financial network formations using modern tools in economics. The project intends to study the properties of financial systems in the presence of possible financial crisis, conduct applied economic policy analysis and provide policy implications for lifting productivity and e ....Banks, endogenous network formations and financial crisis. This project aims to understand how endogenous network formations affect financial crisis and how such situations can be made into a coherent microeconomic model of financial network formations using modern tools in economics. The project intends to study the properties of financial systems in the presence of possible financial crisis, conduct applied economic policy analysis and provide policy implications for lifting productivity and economic growth. The projects expected outcomes would contribute to the theoretical understanding of financial crisis and consequences in financial markets as well as the economy and public policy. In the longer term, the project should benefit the health of the financial system.Read moreRead less
Designing for uncertainty in conservation auctions. Economic theory and case study evidence show that tenders or auctions are more efficient than grant mechanisms for encouraging landholders to produce environmental outcomes on private land. These studies have ignored the effects of uncertainty of both bidders and administrators about factors such as landholder participation and the level of environmental benefits that will be delivered. This project will test whether distributing environmental ....Designing for uncertainty in conservation auctions. Economic theory and case study evidence show that tenders or auctions are more efficient than grant mechanisms for encouraging landholders to produce environmental outcomes on private land. These studies have ignored the effects of uncertainty of both bidders and administrators about factors such as landholder participation and the level of environmental benefits that will be delivered. This project will test whether distributing environmental funds via tenders is still efficient when uncertainty about various important factors is considered. Results from this research are expected to inform the cost effective design of systems to pay landholders for the provision of environmental benefits even when there is high uncertainty.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.
A new strategy to enhance the performance of metal catalysts with sunlight. This project aims to develop photocatalysis of supported metal nanoparticles to drive various chemical synthesis reactions at moderate temperatures using sunlight. The nanostructures of plasmonic metals (gold, silver and copper) are used as light absorbers to concentrate the energy of incident light and generate intense electromagnetic field, which are utilised to promote the catalytic reactions on transition metals in t ....A new strategy to enhance the performance of metal catalysts with sunlight. This project aims to develop photocatalysis of supported metal nanoparticles to drive various chemical synthesis reactions at moderate temperatures using sunlight. The nanostructures of plasmonic metals (gold, silver and copper) are used as light absorbers to concentrate the energy of incident light and generate intense electromagnetic field, which are utilised to promote the catalytic reactions on transition metals in the photocatalysts. The mechanisms of these new photocatalytic processes will be defined. Successful completion of this project will result in new strategies for catalytic chemical synthesis and valuable knowledge within the areas of catalysis, conversion of solar energy to chemical energy, and nanomaterials.Read moreRead less
A novel air-cooled fuel cell system. This project presents a novel cooling technology for fuel cell systems. This new design will not only save up to 50 per cent of the material cost but also leads to 20 per cent less fuel consumption compared to the existing fuel cells. This can save us billions of dollars per year with profound impact on our nation's carbon-emission-free alternative energy sources.