Due to rising incidences of natural calamities, governments are lacking capacity to properly protect households living in areas which are prone to disasters like cyclones and associated storm surges. To protect the property damages of the disaster victims, private storm protection activities...

Kirchler et al. (2012) make a number of contributions to experimental research on asset markets. One of their findings is that the levels of cash holdings of traders do not affect asset prices when fundamentals follow a constant time trajectory. We report a new experiment in which we replicate...

The results of three surveys of freshman economics students (2008-2010) at the Waikato Management School, New Zealand, suggest that incoming students have significant levels of prior economics knowledge. Given this head start in knowledge, we have expanded our freshman lecture material with more...

Understanding the financial literacy of young people is an essential prerequisite for developing effective education programmes designed to improve young people’s understanding of personal finance. In this paper, we present results from a survey of high school students which included a...

In 2003, New Zealand significantly reorganised high school education by moving to a standards-based assessment approach. This paper investigates whether the economics standards are associated with economic understanding using 2008-2011 data from students at the University of Waikato. We find...

Asian governments intervene in the world rice market to protect domestic consumers. Whether consumers are nutritionally vulnerable depends on the elasticity of calories with respect to rice prices. Common demand models applied to household survey and market price data ignore quality substitution...

If relative prices of goods within a commodity group are constant, Hicksian separability lets the price of a single good represent the group price level. This is relied on by price questionnaires used in household surveys. Methods of estimating demand systems from household survey data also rely...

This paper outlines a recently articulated concept in the demographic literature known as the ‘demographic dividend’, and connects it with key features of Maori and non-Maori demography. The dividend arises – or has the potential to arise - as each population passes through a particular...

This report provides a comprehensive demographic and socio-economic profile of the Maori population in Australia using data from the 2011 Australia Census of Population and Housing. The purpose is to provide an evidence base with which to inform future policy approaches with respect to Maori in...

We report the results of an experiment designed to study the effect of asset-holdings caps on the formation of bubbles and crashes in laboratory asset markets. Bubbles and crashes are a quite robust phenomenon in experimental settings. Motivated by concentration control policies employed in the...