Optimal Policy Design with Entry: A Model of Aggregative Oligopoly Games. This project aims to develop a theory of endogenous market structures using aggregative oligopoly games to engage issues in competition, trade and innovation policy. Effective and innovative policy design is crucial for economic growth and productivity. Policy analysis with endogenous market structures is in need of better tools. The toolkit of aggregative games, in which each player’s profit can be written as a function o ....Optimal Policy Design with Entry: A Model of Aggregative Oligopoly Games. This project aims to develop a theory of endogenous market structures using aggregative oligopoly games to engage issues in competition, trade and innovation policy. Effective and innovative policy design is crucial for economic growth and productivity. Policy analysis with endogenous market structures is in need of better tools. The toolkit of aggregative games, in which each player’s profit can be written as a function of own action and an aggregate variable, would greatly simplify the analysis of oligopoly interaction. This would lead to a tractable but general welfare analysis yielding new results. The framework is designed to allow us to examine complex policy questions in a simplified way, accommodating models with heterogeneous players and entry, and generalising models with different types of competition and demand specification.Read moreRead less
Bargaining and the price of new pharmaceuticals in Australia: An empirical analysis. The proposed research will consider whether there is a trade-off between price and access and will identify features of the regulatory framework that contribute to delays in securing access to drugs for diseases with no alternative therapy. It will provide decision makers with the necessary information to negotiate the lowest achievable price for drugs, freeing up resources for use elsewhere in the health sector ....Bargaining and the price of new pharmaceuticals in Australia: An empirical analysis. The proposed research will consider whether there is a trade-off between price and access and will identify features of the regulatory framework that contribute to delays in securing access to drugs for diseases with no alternative therapy. It will provide decision makers with the necessary information to negotiate the lowest achievable price for drugs, freeing up resources for use elsewhere in the health sector or slowing the growth in healthcare expenditure.Read moreRead less
The relationship between firm innovation and performance and the role of the government. Productivity growth in Australia has plateaued. Although Federal and State Governments employ a range of different innovation policies designed to stimulate productivity growth, little is known about the effects these programs, and of innovation more generally, on firm performance. One reason why this relationship is unknown relates to the availability of firm-level data. This project, will take advantage of ....The relationship between firm innovation and performance and the role of the government. Productivity growth in Australia has plateaued. Although Federal and State Governments employ a range of different innovation policies designed to stimulate productivity growth, little is known about the effects these programs, and of innovation more generally, on firm performance. One reason why this relationship is unknown relates to the availability of firm-level data. This project, will take advantage of unique access to a dataset provided by the Australian Bureau of Statistics which enables us to observe the activities of every firm in Australia. Using these data and appropriate econometric techniques, the study will examine the effect of a range of government policies designed to stimulate innovation and productivity growth. Read moreRead less
Scarcity of Ideas and Design of Optimal Incentive Schemes for Innovation. Since innovation is the driving force behind economic growth, enhancing its innovative capacity is an important consideration for Australia. From an economics point of view, this requires the design of optimal incentive schemes in the institutional structures which are central to promoting innovation. The proposed research aims to achieve exactly this by developing a definition of innovativeness and analyzing its implicati ....Scarcity of Ideas and Design of Optimal Incentive Schemes for Innovation. Since innovation is the driving force behind economic growth, enhancing its innovative capacity is an important consideration for Australia. From an economics point of view, this requires the design of optimal incentive schemes in the institutional structures which are central to promoting innovation. The proposed research aims to achieve exactly this by developing a definition of innovativeness and analyzing its implications. Its results will contribute to the policy discussions on innovation in Australia and will enhance the academic interactions between Australian and international universities.Read moreRead less
Privatisation, Regulation and Institutional Structures of Airports: An International Study. Airports are typically locational monopolies possessing strong market power - abuse of this is controlled by public ownership, regulation or not-for-profit operation. All these pose problems for achieving economic efficiency while meeting environmental standards. Design of efficient regulation, and the Australian experiment with price monitored private airports, will be analysed. Using data from Austr ....Privatisation, Regulation and Institutional Structures of Airports: An International Study. Airports are typically locational monopolies possessing strong market power - abuse of this is controlled by public ownership, regulation or not-for-profit operation. All these pose problems for achieving economic efficiency while meeting environmental standards. Design of efficient regulation, and the Australian experiment with price monitored private airports, will be analysed. Using data from Australian and overseas airports, the performance of airports operating under the alternative systems will be evaluated, enabling an assessment of performance and privatisation; a comparison of private, public and not-for-profit systems; and pointing out how better governance options can be designed.Read moreRead less
Price Transparency, Search, and Collusion in Markets. Online search platforms and 'open data' policies are emerging to empower consumers with price information for decision-making in markets, yet also can enable collusive pricing. This project aims to study the competitive impact of search platforms by combining large, real-time datasets on firm pricing and consumer search with natural and field experiments. The project expects to facilitate the development of new models of collusion, consumer s ....Price Transparency, Search, and Collusion in Markets. Online search platforms and 'open data' policies are emerging to empower consumers with price information for decision-making in markets, yet also can enable collusive pricing. This project aims to study the competitive impact of search platforms by combining large, real-time datasets on firm pricing and consumer search with natural and field experiments. The project expects to facilitate the development of new models of collusion, consumer search, and platform adoption. This should yield substantial benefit by modernizing competition policy for the digital age through novel data-driven screens for collusion, and policies to encourage platform adoption and enable consumers’ use of data in decision-making to increase competition in markets.Read moreRead less
Evaluating the sources of growth and decline in Australia's State economies via historical/decomposition simulations with a dynamic multiregional fiscal model. Australia's State economies have experienced wide disparities in economic growth rates. Little research has been undertaken on the underlying forces responsible for this. Nevertheless, State and Commonwealth governments spend several $billion annually on policies with the ostensible aim of promoting State growth. Disparities in growth ....Evaluating the sources of growth and decline in Australia's State economies via historical/decomposition simulations with a dynamic multiregional fiscal model. Australia's State economies have experienced wide disparities in economic growth rates. Little research has been undertaken on the underlying forces responsible for this. Nevertheless, State and Commonwealth governments spend several $billion annually on policies with the ostensible aim of promoting State growth. Disparities in growth rates also contribute to potentially costly movements in population, and (by promoting perceptions of unequal outcomes from policy change) may hinder the inter-government cooperation required for many beneficial policy changes. This project aims to develop a dynamic 8-region CGE model of Australia, and use it to investigate the causes of relative state economic performance.Read moreRead less
Efficient and Robust Bi-directional Evolutionary Structural Optimisation Method for Large-scale Three-dimensional Topological Design. Structural optimisation is a process of searching for the best shape and topology of an engineering structure which will consume the least amount of material or energy. This project aims to further investigate the Bi-directional Structural Optimisation (BESO) method which has recently been proposed by the applicant's team. New algorithms will be developed to subst ....Efficient and Robust Bi-directional Evolutionary Structural Optimisation Method for Large-scale Three-dimensional Topological Design. Structural optimisation is a process of searching for the best shape and topology of an engineering structure which will consume the least amount of material or energy. This project aims to further investigate the Bi-directional Structural Optimisation (BESO) method which has recently been proposed by the applicant's team. New algorithms will be developed to substantially improve the efficiency and robustness of the BESO method. The expected outcome of the project is a simple and effective optimisation technique that can be used for the conceptual design of a wide range of engineering structures.Read moreRead less
Beyond the resource curse: redistribution and resource-led development. The project aims to improve the sustainability of resource-led development in Australia and worldwide via a novel, multi-scalar framework, co-produced with mining/Indigenous communities that connects local development outcomes with mining global production networks (GPN). It will generate new, community co-authored and policy-engaged knowledge to better attune fiscal, industry and regional policies to tackling the local reso ....Beyond the resource curse: redistribution and resource-led development. The project aims to improve the sustainability of resource-led development in Australia and worldwide via a novel, multi-scalar framework, co-produced with mining/Indigenous communities that connects local development outcomes with mining global production networks (GPN). It will generate new, community co-authored and policy-engaged knowledge to better attune fiscal, industry and regional policies to tackling the local resource curse. Expected outcomes include co-developed GPN theory advances; new policies for sustainable mining locality development; and more engaged mining/Indigenous communities. Significant welfare savings, social coherence, environment amelioration and cultural transformation benefits are expected.Read moreRead less
Particle transport in turbulent non-Newtonian suspensions in self formed open channels. An improved understanding of the fundamentals of channel formation and the ability of channels to transport solids in either a natural or created environment will be of benefit to industries employing open channels (or flumes) or stacked tailings as part of their processes. This will lead to better design and operation with reduced water use and reduced volume of waste disposal. This research will build the ....Particle transport in turbulent non-Newtonian suspensions in self formed open channels. An improved understanding of the fundamentals of channel formation and the ability of channels to transport solids in either a natural or created environment will be of benefit to industries employing open channels (or flumes) or stacked tailings as part of their processes. This will lead to better design and operation with reduced water use and reduced volume of waste disposal. This research will build the scientific foundation for the design tools to more accurately predict the behaviour of tailings stacks. The mining industry will benefit from the improved management of their tailings disposal regimes, reduced water usage, lowered cost of disposal and reduced impact on the environment.Read moreRead less