This paper argues that a number of the central macroeconomic policies adopted by major economic blocks since the Global Financial Crisis have been inappropriate, largely ineffective or counterproductive. These mistaken policies have proven very expensive. An alternative combination of monetary...

The University of Queensland International Comparison Database (UQICD) has been created as a part of the research project on developing an econometric approach to the construction of consistent panels of purchasing power parities (PPPs), real gross domestic product (GDP) and real incomes. The...

The incentive regulation of costs related to physical and cyber security in electricity networks is an important but relatively unexplored and ambiguous issue. These costs can be part of a cost efficiency benchmarking or alternatively dealt separately. This paper assesses the issues and options...

This paper studies a sales mechanism, prevalent in housing markets, where the seller does not reveal or commit to a reserve price but instead publicly announces an asking price. We show that the seller sets an asking price such that, in equilibrium, buyers of certain types would accept it with...

This study proposes a modeling approach to disentangle the discount due to flooding in residential properties that are located in coastal areas. The study makes three contributions. The first is to incorporate a continuous measure of flood risk in a study of coastal areas, as earlier studies...

This paper investigates the impact of two commonly used asking price strategies on house sales prices. In particular, we compare a dynamic asking price, where the seller adjusts her asking price over time as she fails to sell her property, with a static asking price, where the seller sets an...

This paper investigates the optimal environmental policy (the mix of emissions tax and R&D subsidy) when two firms, producing differentiated products, compete in the output market over time. Firms compete over supply schedules, which encompasses a continuum of market structures from Bertrand to...

The debate on electricity networks privatization in the Australian National Electricity Market is an important public policy concern but remains unsettled. This article reviews and compares the economic performance between the privately and state-owned electricity networks in Australia across...

This paper provides an economic evaluation, using cost-effectiveness analysis, to identify and quantify the possible avoided costs and number of youth diverted from becoming clients of youth justice services if the Queensland Government invested in justice reinvestment programs. It is a first...

This paper argues that health transfers from an individual at a lower rank in the health distribution to a person at a higher rank may decrease the concentration index if the former has a slightly higher income. The concentration index, being mainly focused on the socioeconomic dimension of...