Research to enhance measurement, understanding, and policy regulatory approaches to emerging markets and trade in mothers' milk. Innovation affecting human milk supply challenges current regulation of infant food, but new markets in human milk assist the economic valuation of breastfeeding. Mothers are finding new ways to share their milk, and milk banking and human milk-based products are emerging as alternatives to commercial infant formula. This project builds on previous world-leading Austra ....Research to enhance measurement, understanding, and policy regulatory approaches to emerging markets and trade in mothers' milk. Innovation affecting human milk supply challenges current regulation of infant food, but new markets in human milk assist the economic valuation of breastfeeding. Mothers are finding new ways to share their milk, and milk banking and human milk-based products are emerging as alternatives to commercial infant formula. This project builds on previous world-leading Australian research into the economics of breastfeeding. It aims to increase understanding of markets in milk for infants and inform regulation of milk markets and milk exchange. It will investigate key features of these markets, how milk is priced, and how to access data on market prices which might improve the social and economic valuation of breastfeeding.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