ORCID Profile
0000-0002-4631-764X
Current Organisation
University of Queensland
Does something not look right? The information on this page has been harvested from data sources that may not be up to date. We continue to work with information providers to improve coverage and quality. To report an issue, use the Feedback Form.
In Research Link Australia (RLA), "Research Topics" refer to ANZSRC FOR and SEO codes. These topics are either sourced from ANZSRC FOR and SEO codes listed in researchers' related grants or generated by a large language model (LLM) based on their publications.
Agricultural Economics | Environment and Resource Economics | Experimental Economics | Applied Economics
Economic Incentives for Environmental Protection | Environmental Policy, Legislation and Standards not elsewhere classified |
Publisher: Oxford University Press (OUP)
Date: 25-02-2016
DOI: 10.1093/OEP/GPV091
Publisher: Elsevier BV
Date: 11-2012
Publisher: Walter de Gruyter GmbH
Date: 07-07-2010
Abstract: The establishment of a tradable permit market requires the regulator to select a level of aggregate emissions and then distribute the associated permits to specific groups. Both these decisions create opportunities for rent seeking. In this paper, we use a contest model to analyse the incentives to rent seek for pollution permits and to analyse the consequences for social welfare. We find differences in firms' rent-seeking choices compared to a conventional rent-seeking contest. We see that a fundamental aspect of firms' incentives to rent seek depends on the market value of the permits, that is, the value of the ex post reallocated rents. This impact depends on the responsiveness of the regulator to aggregate rent-seeking effort. The responsiveness, in some cases, may improve welfare by reducing the per-unit value of permits, which may lower the rent-seeking effort more than it increases the damages experienced from the additional emissions.
Publisher: Elsevier BV
Date: 03-2022
Publisher: Springer Science and Business Media LLC
Date: 03-05-2007
Publisher: Elsevier BV
Date: 2011
Publisher: Springer Science and Business Media LLC
Date: 25-01-2017
Publisher: Elsevier BV
Date: 2013
Publisher: Elsevier BV
Date: 2021
Publisher: Springer Science and Business Media LLC
Date: 02-08-2014
Publisher: Springer Science and Business Media LLC
Date: 25-03-2022
DOI: 10.1007/S10640-022-00673-2
Abstract: This article investigates cap-and-trade markets in the presence of both political and market distortions. We create a model where dominant firms have the ability to rent seek for a share of pollution permits as well as influence the market equilibrium with their choice of permit exchange because of market power. We derive the equilibrium and show the interaction of these two distortions has consequences for the resulting marginal inefficiency—the extent to which a re-allocation of permits between firms can reduce equilibrium abatement costs. We find that if the regulator is not very responsive to rent seeking then marginal inefficiency reduces relative to the case without rent seeking. When the regulator is very responsive to rent seeking, if dominant rent-seeking firms are all permit buyers (sellers) then marginal inefficiency reduces (increases) relative to the case without rent seeking.
Publisher: MDPI AG
Date: 13-12-2022
DOI: 10.3390/G13060083
Abstract: We investigate observed rent dissipation—the ratio of the total costs of rent seeking to the monetary value of the rent—in winner-take-all and share contests, where preferences are more general than usually assumed in the literature. With concave valuation of the rent, we find that contests can exhibit observed over-dissipation if the contested rent is below a threshold and yet observed under-dissipation with large rents: the nature of preferences implies contestants are relatively effortful in contesting small rents. Considering more general preferences in contests thus allows us to reconcile the Tullock paradox—where rent-seeking levels are relatively small despite the contested rent being sizeable—with observed over-dissipation of rents in experimental settings, where contested rents are arguably small.
Publisher: Elsevier BV
Date: 07-2009
Publisher: Elsevier BV
Date: 11-2018
Publisher: Springer Science and Business Media LLC
Date: 29-03-2021
Publisher: Springer Science and Business Media LLC
Date: 16-03-2021
Publisher: Springer Science and Business Media LLC
Date: 19-06-2012
Publisher: Elsevier BV
Date: 06-2014
Publisher: Wiley
Date: 18-03-2021
DOI: 10.1111/IJFS.15012
Abstract: The effects of low‐frequency ultrasound on the production of volatile compounds in model casein protein systems containing various fat concentrations of 2%, 4% and 6% (w/w) were investigated. Ultrasound application was performed at 20 kHz for up to 10 min which corresponded to energy densities ranging from 9.54 to 190.8 J mL −1 . Similar volatile compounds were detected both in pure fat and mixtures of casein and fat (CF) systems. These volatiles belonged to the groups of aldehydes, ketones, esters, alcohols and hydrocarbons, which were the products of oxidation of lipids or protein degradation due to acoustic cavitation. The amount of fat in the casein systems had minor effects on the production of volatiles, whereas the production of volatile compounds was significantly affected by the ultrasound treatment. Short sonication times min generated similar volatile profiles to the untreated s les. In contrast, prolonged sonication for 5 and 10 min considerably increased the production of volatile compounds and the amounts of fatty acids. Thus, the application of low–frequency ultrasound for short periods should be considered to minimise the production of volatile compounds which can ultimately affect the taste.
Publisher: Elsevier BV
Date: 2012
Publisher: Elsevier BV
Date: 10-2018
Publisher: Oxford University Press (OUP)
Date: 05-12-2011
DOI: 10.1093/OEP/GPR057
Publisher: Elsevier BV
Date: 2016
Publisher: Wiley
Date: 27-10-2021
DOI: 10.1111/SJPE.12303
Abstract: In this article, we investigate different market structures where decision makers are incentivized by both profit and revenue. Our innovation is that we consider managers that evaluate revenue in a non‐linear way, exhibiting diminishing marginal utility. This implies that incremental changes in revenue—for ex le, due to demand shocks—generate production choices that depend on the existing revenue base of the firm. We show that this intuitively appealing extension reverses some conventional results: decision makers may increase output in the presence of negative demand shocks, which depends on the concavity of their utility function with respect to revenue.
Publisher: Elsevier BV
Date: 2018
Start Date: 04-2022
End Date: 04-2025
Amount: $237,757.00
Funder: Australian Research Council
View Funded Activity