Product and financial market integration determine the global implications of China’s recent growth surge and its on-going transition from export led growth. These alter China’s structural imbalance (its excess product supply and excess saving), which in turn shifts the international terms...

Western Australia introduced a domestic gas reservation policy in 2006, which requires new gas developments to supply the equivalent of 15 per cent of their gas exports to the Western Australian domestic gas market. The aim of the policy is to maintain domestic gas prices below export parity. It...

Personal carbon trading (PCT) is a downstream cap-and-trade scheme used to reduce carbon emissions from the household sector. It is argued that the PCT scheme could provide a buffer between the energy price and the total energy price, and thus energy demand remains stable. However these effects...

To cope with the rising labour cost and protect the country’s deteriorating environmental conditions, Chinese policy makers have recently made a series of policy changes to promote innovation and hence the development of a knowledge-based economy in the country in the coming decades. As a...

How much of the failures to achieve Pareto efficient outcome observed in a simple 2 2 dominance solvable game can be attributed to strategic uncertainty and how much is actually due to individual bounded rationality? We address this question by conducting a set of experiments involving two main...

We propose that the recent rise in the fertility rate in developed countries is the beginning of a broad-based increase in fertility towards above-replacement levels. Environmental shocks that reduced fertility over the past 200 years changed the composition of fertility-related traits in the...

In India, the mother-in-law is all powerful. At least they are often portrayed as such in Indian popular culture. Similarly, in the socio-economic literature, the influence of the Indian mother-in-law is often taken for granted. However, most of the empirical evidence relies on qualitative data...

We study eciency and distributional implications of bargaining in a monopoly, where the shareholders and the workers delegate the task of bargaining to a manager and a union leader respectively. Bargaining delegation leads to underproduction caus- ing the organizational pie to contract severely...

This paper examines Australia’s terms of trade boom since 2003 with a particular interest in quantifying the links between the terms of trade and sectoral performance. The objective is to address the conjecture that a ‘secondary services boom’ is primarily responsible for the widespread...

This paper proposes a game theory model in which a foreign multinational corporation (MNC) and a domestic firm compete in the domestic market. In this model the domestic patent office could influence the firms’ profit curves by controlling the pendency and grant probability of the MNC’s...