An economic analysis of multi-period reform programs. This project aims to use a mechanism design approach to study multi-period reform programs and their use in the transition from status quo institutions. The project intends to shed light on the difficulties of introducing efficiency enhancing long-term policies. Expected outcomes include theoretical models that incorporate adjustment costs, common values, and complicated status quo institutions into models of economic reform from a mechanism ....An economic analysis of multi-period reform programs. This project aims to use a mechanism design approach to study multi-period reform programs and their use in the transition from status quo institutions. The project intends to shed light on the difficulties of introducing efficiency enhancing long-term policies. Expected outcomes include theoretical models that incorporate adjustment costs, common values, and complicated status quo institutions into models of economic reform from a mechanism design perspective as well as optimal dynamic reform policies in the presence of these frictions, focusing attention in the trade-off between static efficiency and dynamic welfare gains. Intended benefits include insights that are wildly applicable to the provision of public infrastructure and management of public resources.Read moreRead less
Structural Adjustment, Income Risk, and Human Capital Specificity. This project will build a macroeconomic model to attempt to understand how an economy should manage structural adjustment to economic shocks (such as a substantial change in trade policy, significant exchange rate appreciation, or major technological change) in order to induce the reallocation of labour and other factors of production across different sectors of the economy. Two key features of the model will be human capital spe ....Structural Adjustment, Income Risk, and Human Capital Specificity. This project will build a macroeconomic model to attempt to understand how an economy should manage structural adjustment to economic shocks (such as a substantial change in trade policy, significant exchange rate appreciation, or major technological change) in order to induce the reallocation of labour and other factors of production across different sectors of the economy. Two key features of the model will be human capital specificity, that is, skills may not be easily transferrable across sectors of the economy, and incomplete markets for income risk so that the burdens of adjustment may be concentrated on displaced workers rather than being efficiently shared. Various policies for managing adjustment will be evaluated quantitatively.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE210100473
Funder
Australian Research Council
Funding Amount
$462,573.00
Summary
Breaking Performance Limits of Solar Inverters for a Sustainable Future. Micro-inverters offer a unique ability to maximise solar energy yield and streamline the installation, operation and maintenance process of solar power generation, thus having huge potentials to drastically reduce the cost of solar electricity. However, performance limits have hampered their wider applications in the energy sector. This project aims to tackle the performance challenges of micro-inverters by developing a nov ....Breaking Performance Limits of Solar Inverters for a Sustainable Future. Micro-inverters offer a unique ability to maximise solar energy yield and streamline the installation, operation and maintenance process of solar power generation, thus having huge potentials to drastically reduce the cost of solar electricity. However, performance limits have hampered their wider applications in the energy sector. This project aims to tackle the performance challenges of micro-inverters by developing a novel power-conversion architecture, a unified design framework, and a new control theory. The intended research outcome will be a new range of ultra-high-performance micro-inverters. This will promote greater solar uptake and maintain Australia’s leadership in the development of disruptive solar power generation technology.Read moreRead less
Need for Speed: Towards Controller Design Automation for Power Electronics. This project aims to address the need for advanced controller design automation tools for power electronics systems by advocating a novel design paradigm. The project expects to seek breakthroughs in the modelling and optimisation aspects of power electronics systems and generate new automation tools for existing and emerging power electronics applications. Expected outcome include significant reduction of controller dev ....Need for Speed: Towards Controller Design Automation for Power Electronics. This project aims to address the need for advanced controller design automation tools for power electronics systems by advocating a novel design paradigm. The project expects to seek breakthroughs in the modelling and optimisation aspects of power electronics systems and generate new automation tools for existing and emerging power electronics applications. Expected outcome include significant reduction of controller development cycle time and cost, minimisation of human oversight, and maximisation of system performance. Profound benefits include maintaining Australia’s leadership in a wide range of sectors such as renewable energy and electric vehicles demanding rapid development cycles and realisation of Australia’s zero-carbon vision. Read moreRead less
Transport and productivity, a study on Australia's largest trading partner. This project aims to study how transport infrastructure supports innovations, productivity gains, and industrial development. This project will study the effects of this development on productivity and resource allocation in the manufacturing sector, output and efficiency growth, and the spatial allocation of capital and labour inputs. The project expects to build a geospatial database covering China's full transportatio ....Transport and productivity, a study on Australia's largest trading partner. This project aims to study how transport infrastructure supports innovations, productivity gains, and industrial development. This project will study the effects of this development on productivity and resource allocation in the manufacturing sector, output and efficiency growth, and the spatial allocation of capital and labour inputs. The project expects to build a geospatial database covering China's full transportation network from 1993-2014, merge this database with manufacturing plants’ longitudinal data, and apply (quasi)-natural experiments for analyses. Knowledge derived from this project will be significant for Australia because China’s productivity, resource allocation, and competitive advantage directly impact Australia’s industrial development, employment and sustainable economic growth.Read moreRead less
The Feasibility Of A Financial Safety-net: Investigating Financial Mechanisms To Protect Oyster Growers From Disease Outbreaks
Funder
Fisheries Research and Development Corporation
Funding Amount
$100,000.00
Summary
The oyster industry have long recognised their exposure to the unpredictable nature of the environment. Considerable time, effort and resources have been invested in risk mitigation activities. Examples such as Selective Breeding Programs, Quality Assurance Programs, Environmental Management Systems and innovations in growing techniques and animal husbandry are all designed to improve the attritubes of stock and to mitigate the likelihood & severity of a disturbance. It has been identified howev ....The oyster industry have long recognised their exposure to the unpredictable nature of the environment. Considerable time, effort and resources have been invested in risk mitigation activities. Examples such as Selective Breeding Programs, Quality Assurance Programs, Environmental Management Systems and innovations in growing techniques and animal husbandry are all designed to improve the attritubes of stock and to mitigate the likelihood & severity of a disturbance. It has been identified however, that there has been minimal investment in last resort options that support growers through worst-case scenarios.
While state & federal disaster arrangements are well established to support primary producers following declared natural disasters, the same mechanisms do not exist for disease outbreaks. Attempts to establish an aquatic deed (officially known as the aquatic EADRA - Emergency Aquatic Disease Response Arangement) have so far failed, and traditional stock insurance (such as that available to cattle producers, or ranched tuna) is not readily available to oyster farmers.
This situation has escalted following the Qx outbreak in Port Stephens, NSW. Despite suffering catastophic losses, oyster farmers in this estuary have received little support, beyond fee waivers and assistance associated with flooding events in the region. In 2019, the estuary hosted ~45 oyster farming businesses with an annual GVP of well-over $10m. Almost all of these businesses are now operating part-time, and even the most productive and profitable of growers have needed to find off-farm work to supplement their income. With considerable infrastructure in the water, farmers are unable to walk away from leases, as tipping fees alone are estimated to exceed $5m.
Understandably growers around the state have been rocked by the outbreak, the associated response and lack of financial support, and as a result have been reassessing their own exposure to risk. One thing that has also become clear, is that industry needs to take charge of their own future and look at measures to support their recovery, reestablishment or dignified exit following disease incursions.
This application seeks funding support for NSW Farmers to drive this process. This will involve the development and administration of a tender and contracting process to deliver an options document exploring the advantages and drawbacks of various financial support mechanisms current available and their appropraiteness for implementation in the oyster industry. This will include the investigation of solutions that are estbalished in other states, and other agricultural sectors. It is anticipated that recommedations put forward will be broadly split into 1) mechanisms that can be implemented at the farm/enterprise level, 2) mechanisms that may be implemented at the state/sector-wide level.
The options paper will provide valuable information which may inform the actions of fishing & aquaculture sectors around the country. Objectives: 1. By October 2024, obtain insights into potential financial support mechanisms, and their suitability for implementation in the NSW oyster industry. Read moreRead less
Solving and estimating dynamic models of strategic interaction. This project aims to investigate how firms interact with each other through time and how these interactions drive both the operation of, and value created in, economic markets. While recent theoretical models predominantly capture the complexity of these dynamic interactions, the methods for testing these models’ predictions against observed data do not. Instead, they are based on a range of simplifying assumptions that undermine th ....Solving and estimating dynamic models of strategic interaction. This project aims to investigate how firms interact with each other through time and how these interactions drive both the operation of, and value created in, economic markets. While recent theoretical models predominantly capture the complexity of these dynamic interactions, the methods for testing these models’ predictions against observed data do not. Instead, they are based on a range of simplifying assumptions that undermine the reliability of their analysis. This project will develop statistical and computational methods to better understand observed economic behaviour. By allowing the effects of proposed economic interventions and regulations ex ante, this project will support the development of more efficient and better-targeted policies in every area of the economy.Read moreRead less
Assessing The Potential Of Translocation To Increase Vongole Productivity And Fishery Catches
Funder
Fisheries Research and Development Corporation
Funding Amount
$199,808.00
Summary
There are three commercial Vongole fisheries in South Australia: Port River (Section Bank), Coffin Bay, and the West Coast (Streaky, Smoky, and Venus Bays). Total catch is ~70 t per year, with a value of ~$2.5 M annually. The Port River fishery is closed due to very low stock abundance and recovery has not occurred despite a 10-year closure since 2011. Based on biomass surveys in 2020/21 the Coffin Bay fishery, which has fishing areas that have historically contained Vongole that grow quickly an ....There are three commercial Vongole fisheries in South Australia: Port River (Section Bank), Coffin Bay, and the West Coast (Streaky, Smoky, and Venus Bays). Total catch is ~70 t per year, with a value of ~$2.5 M annually. The Port River fishery is closed due to very low stock abundance and recovery has not occurred despite a 10-year closure since 2011. Based on biomass surveys in 2020/21 the Coffin Bay fishery, which has fishing areas that have historically contained Vongole that grow quickly and can be readily harvested, had a 20% quota reduction in 2021/22 in response to the low abundance of Vongole above the minimum legal length. Although, in 2021/22, this fishery has since recovered and is classified as sustainable.
In the Coffin Bay and West Coast fisheries, three Katelysia species are harvested: greys, yellows, and whites. In both fisheries, commercial fishers have reported areas with Vongole density so high that it might be supressing growth and productivity due to competition for space and resources. Vongole in these high-density areas seldom reach the legal minimum length of 30/35 mm and are rarely fished. The commercial Vongole fishery has therefore highlighted the need to understand factors influencing growth rates and to test whether translocation of sub-legal Vongole from these high-density areas can be used to increase Vongole growth and productivity within these areas, and improve less productive fishing grounds elsewhere, thereby raising overall fishery profitability.
Our study aims to 1) assess the viability of translocating sub-legal Vongole in Coffin Bay from areas with high densities of Vongole to areas with low/no densities of Vongole using two release and two tagging methods, and comparing predation, growth, and survival of relocated/translocated animals to provide fishers with the knowledge and tools underpinning translocations; 2) build on existing cost-benefit analysis knowledge and tools (i.e. FRDC 2005-217, FRDC 2008-076, FRDC 2016-213, FRDC 2020-116) to quantify the economic/productivity outcomes of Vongole translocation; and 3) build fisheries research capacity and capability through a 'supplemental’ student project. The aims of the ‘supplemental’ student component (PhD, Flinders University) are to assess the biological aspects of Vongole recruitment (e.g. size of maturity, egg production, viability of larvae) and evaluate environmental triggers that influence Vongole recruitment, metamorphosis of eggs to larval phase, and larval substrate settlement.
This project directly addresses the Vongole industry’s high-priority research needs and will showcase the potential for translocation to increase fishing yield, value, and profitability. The ‘supplemental’ student project will evaluate Vongole recruitment and will occur in parallel with, but independent from, the core project.
Objectives: 1. Assess the viability of translocating sub-legal Vongole in Coffin Bay from areas with high densities of Vongole to areas with low/no densities of Vongole using two release and two tagging methods, and comparing predation, growth, and survival of relocated/translocated animals to provide fishers with the knowledge and tools underpinning translocations 2. Build on existing cost-benefit analysis knowledge and tools (i.e. FRDC 2005-217, FRDC 2008-076, FRDC 2016-213, FRDC 2020-116) to quantify the economic/productivity outcomes of Vongole translocation 3. Build fisheries research capacity and capability through a 'supplemental’ student project Read moreRead less
Safeguarding Our Sydney Rock Oyster Industry Against QX Disease
Funder
Fisheries Research and Development Corporation
Funding Amount
$200,000.00
Summary
Outbreaks of QX disease in Port Stephens in 2022 and 2023 mark the continued spread of this disease into Sydney rock oyster (SRO)-producing estuaries in NSW and QLD over the last 50 years. In severe years, QX can cause up to 90% mortalities in affected stock, therefore this disease poses a major threat to an industry that is of substantial economic, historic and cultural value. Despite the apparent presence of the causative agent (M. sydneyi) in nearly all estuaries undertaking SRO produc ....Outbreaks of QX disease in Port Stephens in 2022 and 2023 mark the continued spread of this disease into Sydney rock oyster (SRO)-producing estuaries in NSW and QLD over the last 50 years. In severe years, QX can cause up to 90% mortalities in affected stock, therefore this disease poses a major threat to an industry that is of substantial economic, historic and cultural value. Despite the apparent presence of the causative agent (M. sydneyi) in nearly all estuaries undertaking SRO production, disease only occurs in some, and biosecurity protocols further complicate SRO farming as stocks from high-risk estuaries cannot be moved into estuaries that have a lower QX disease risk profile.
Reasons behind the expression of QX disease in some estuaries but not others currently remain unknown. In France, a related parasite, M. refringens, was originally thought to be a widespread cause of marteiliosis in the European flat oyster (Ostrea edulis) as well as mussels belonging to the genus Mytilus. M. refringens O (oyster) type and M (mussel) type, which were originally described due their differential pathogenicities in the respective hosts, have more recently been found to constitute separate species, with M type being renamed as Marteilia pararefringens. A similar situation may exist in Australia with M. sydneyi constituting more than one species and with the more pathogenic strains being responsible for QX disease outbreaks. Historically these questions could not be meaningfully answered due a lack of genetic information about M. sydneyi; however NSW DPI has recently undertaken a genome sequencing project on M. sydneyi that can facilitate strain comparison. Therefore, one aim of this project is to characterise Marteilia strains from estuaries where disease occurs, and compare with those from estuaries where disease does not occur, to better inform biosecurity policies. If the M. sydneyi strains are identical across estuaries, then this may enable biosecurity policy to be modified to allow oyster translocations across so called “high” and “low” risk estuaries. However, if strains do differ across high and low risk estuaries, then any biosecurity policy will be aimed at protecting estuaries not currently experiencing QX outbreaks from the introduction of high pathogenicity strains.
QX disease remains as the primary known threat for SRO production. Due to significant knowledge gaps in how this disease is transmitted, the use of selectively bred QX resistant oysters is the main management tool used to enable cultivation to continue in estuaries where the disease is enzootic. QX survival is a quantitative and a responsive trait where applied breeding offers a good solution to increase QX survival with significant economic benefits for industry. QX survival breeding is reliant on field challenges however, this method works well to increase resistance. Best results for improving QX survival are achieved through a combination of breeding and management practices to minimise impacts. It is recommended to use oysters selected for QX survival as a risk management strategy to reduce stock losses before a QX disease outbreak occurs in an estuary. When oysters selected for QX survival are used in estuaries affected by QX, it is important to deploy spat when M. sydneyi infections have ceased and harvest these oysters prior to a second disease exposure. This relies on specific timing of commercial hatchery production and fast oyster growth which is a trait under selection in combination with QX survival. Field exposures that run over two seasons of QX disease are now used to increase survival following consecutive outbreaks. Other diseases or factors that compromise SRO health prior to or during M. sydneyi infections also reduce the effectiveness of breeding.
Increasing genetic gains for QX survival has been the primary objective of the breeding program since its inception. A genomics project is currently underway which aims to identify genetic markers for QX disease resistance to increase genetic progress for this trait. Batches of Richmond River Rock oyster (RRRO) produced by NSW DPI have shown high levels of of QX disease survival. Prior studies on RRROs suggest that genetically they are classified as SROs but they appear to have developed significant resistance, presumably due to years of exposure to QX in the Richmond River estuary where the disease in enzootic. Preliminary experimental evidence suggests that RRROs display enhanced survival when exposed to QX disease, justifying their inclusion in the selective breeding program. Therefore, the second aim of this project is to assess QX survival of current RRRO families across multiple years of QX exposure and compare these results to other QX-resistant families in the breeding program. This information will be used in this project to formulate a breeding plan to create additional families using batches of RRROs that have been assessed for QX survival. Objectives: 1. To use previously generated genomic data from M. sydneyi to develop a multilocus sequence typing scheme for Marteilia strains from SROs 2. To screen samples collected from low-risk estuaries for M. sydneyi using qPCR 3. To compare Marteilia MLST profiles of qPCR positive samples from low-risk estuaries with those from M. sydneyi MLST profiles from high-risk estuaries. 4. To create 10 additional families (in addition to the families produced for the 2023 year class breeding run) that have a parent sourced from the Richmond River 5. To assess the QX survival of the 10 additional 2023 year class families as spat, adults and over two seasons at multiple sites 6. To generate QX spat survival estimated breeding values (EBVs) for families with RRRO parents produced for the YC2022 and 2023 year classes 7. To collect performance data (QX survival and growth) that allows comparison of RRROs and commercial families from the Sydney Rock Oyster breeding program over two consecutive seasons of QX disease. 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