Developing a model to assess the economic consequences of cannabis policy options. The potential economic benefits of the project reside in the ability of governments to make cannabis policy decisions based on assumptions of reduced economic burden of one model over another through:
1.the direct comparison in economic terms of three different models for the regulation of cannabis;
2.a model for estimating economic costs associated with cannabis which can be applied to other illicit drugs;
3 ....Developing a model to assess the economic consequences of cannabis policy options. The potential economic benefits of the project reside in the ability of governments to make cannabis policy decisions based on assumptions of reduced economic burden of one model over another through:
1.the direct comparison in economic terms of three different models for the regulation of cannabis;
2.a model for estimating economic costs associated with cannabis which can be applied to other illicit drugs;
3.improving the evidence-base for policy decision-making at all jurisdictions in Australia.
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Understanding market mechanisms to achieve greater efficiency in the Australian residential real-estate market. This project will provide information to policy-makers, vendors and purchasers, enabling the evolution of an optimal real-estate market, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal, efficient real-estate marke ....Understanding market mechanisms to achieve greater efficiency in the Australian residential real-estate market. This project will provide information to policy-makers, vendors and purchasers, enabling the evolution of an optimal real-estate market, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal, efficient real-estate markets, which can be applied to similar real-estate markets around the world. Finally, training a research student will develop research infrastructure in Australia, and be a contribution to producing a generation of specialists who will add to Australia's international standing in financial research and its ability to manage an increasingly complex economy.Read moreRead less