Discovery Early Career Researcher Award - Grant ID: DE160100104
Funder
Australian Research Council
Funding Amount
$372,000.00
Summary
Mechanism Design with Aftermarket Dynamics. This project aims to design optimal selling policies, allowing for aftermarket dynamics such as resale and inter-buyer competitions. The existence of an aftermarket greatly affects the optimal design of license auctions, procurement, franchising and the like. For instance, when market licenses are auctioned off, incumbent firms may compete fiercely for licenses they do not need simply to keep entrants out. Existing sales designs that overlook such bidd ....Mechanism Design with Aftermarket Dynamics. This project aims to design optimal selling policies, allowing for aftermarket dynamics such as resale and inter-buyer competitions. The existence of an aftermarket greatly affects the optimal design of license auctions, procurement, franchising and the like. For instance, when market licenses are auctioned off, incumbent firms may compete fiercely for licenses they do not need simply to keep entrants out. Existing sales designs that overlook such bidding incentives often underperform in practice. The project aims to examine informational policies that influence buyers’ activities to best suit the seller's objectives. It expects to help regulatory bodies to design more efficient license auctions, provide franchisors with more profitable strategies, and save taxpayers' money when procuring services.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE160101242
Funder
Australian Research Council
Funding Amount
$358,000.00
Summary
Market responses to behavioral consumer policy: Experimental study. This project aims to investigate the effectiveness of regulatory policies such as industry standards, optimal defaults and third-party comparison services in supporting consumer decision-making. In complex market environments, consumers often struggle to make good purchasing decisions and can be vulnerable to exploitation by firms. Understanding how regulatory consumer policy directly affects consumer decisions and the dynamic s ....Market responses to behavioral consumer policy: Experimental study. This project aims to investigate the effectiveness of regulatory policies such as industry standards, optimal defaults and third-party comparison services in supporting consumer decision-making. In complex market environments, consumers often struggle to make good purchasing decisions and can be vulnerable to exploitation by firms. Understanding how regulatory consumer policy directly affects consumer decisions and the dynamic strategies of participating firms is important to improve our markets, inform consumer policy and provide evidence-based policy recommendations. This is particularly important in the increasingly complex market domains such as health, insurance and household finance.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.