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Working Papers

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Murray-Darling Basin Program

2015

  • Elicitation of Murray-Darling Basin irrigators’ risk preferences from observed behaviour, Working PaperM15_1, Céline Nauges, Sarah Ann Wheeler, Alec Zuo

2013

  • Hydrology and economics in water management policy under increasing uncertainty, Working Paper M13_1, Adam Loch, David Adamson and Thilak Mallawaarachchi
  • Natural capital and climate change: Possible negative sustainability impacts from 'gold-plating' irrigation infrastructure, Working Paper M13_2, David Adamson, Adam Loch
  • Buying Paper and Giving Gold: The Murray-Darling Basin Plan, Working Paper M13_3, David Adamson

2012

  • The 2011 Basin Plan, Climate Change and the Buy-Back, Working Paper M12_1, David Adamson
  • Water Trading as a Risk Management Tool for Farmers: New Empirical Evidence from the Australian Water Market, Working Paper M12_2, Alec Zuo, Céline Nauges & Sarah Wheeler

2011

  • Property Rights & Water Buy Back in Australia’s Murray-Darling Basin, Working Paper M11_1, David Adamson, Max Oss-Emer, John Quiggin.

2010

  • Climate Change, Irrigation and Pests: Examining Heliothis in the Murray Darling Basin, Working Paper M10_1, David Adamson
  • Water Policy After the Drought, Working Paper M10_2, John Quiggin
  • Risk, Uncertainty and the Guide to the Draft Basin Plan, Working Paper M10_3, John Quiggin
  • Submission to the Productivity Commission’s review of: Market Mechanisms for Recovering Water in the Murray-Darling Basin, Working PaperM10_4, David Adamson, Sarah Chambers, Thilak Mallawaarachchi, John Quiggin, & Peggy Schrobback

2009

  • Targeting Environmental Water from Irrigators in the Murray Darling Basin, Working Paper M09_1, Sarah Chambers and David Adamson
  • Turning Water into Carbon: Carbon Sequestration vs. Water Flow in the Murray–Darling Basin, Working Paper M09_2, Peggy Schrobback, David Adamson, John Quiggin

  • Climate Change, Mitigation and Adaptation: The Case of the Murray–Darling Basin in Australia, Working Paper M09_3, John Quiggin, David Adamson, Sarah Chambers, and Peggy Schrobback

2008

  • Options for Salinity Mitigation in the Murray–Darling Basin, Working Paper M08_1, 9/09/2008, Peggy Schrobback, David Adamson and John Quiggin
  • Managing the Murray–Darling Basin: Some Implications for Climate Change Policy, Working Paper M08_2, John Quiggin
  • Opportunity Costs of Restoring Environmental Flows to the Snowy River, Working Paper M08_3, Liam Wagner, John Quiggin and David Adamson

2007

  • Choice Modelling and Laboratory Experiments for Non-market Valuation: A Framework. Working Paper M07_1, 22/2/2007, Giovanni B. Concu
  • Climate Change and Climate Uncertainty in the Murray-Darling Basin, Working Paper M07_2, 22/2/2007, David Adamson, Thilak Mallawaarachchi and John Quiggin
  • Re-examining Economic Options for Import Risk Assessments, Working Paper M07_3, 22/2/2007, David Adamson, David Cook
  • Willingness to Pay and Willingness to Accept for changes in native vegetation cover, Working Paper M07_4, 29/10/2007, Giovanni B. Concu

2006

  • “One size fits all”? – The Relationship Between the Value of Genetic Traits and the Farm System, Working Paper M06_1, 20/2/2006, Mark Neal and Bill Fulkerson
  • State-contingent Modelling of the Murray Darling Basin: Implications for the Design of Property Rights, Working Paper M06_2, 21/2/2006, David Adamson, Thilak Mallawaarachchi and John Quiggin
  • Urban Water Supply in Australia: The Option of Diverting Water from Irrigation, Working Paper M06_3, 22/2/2006, John Quiggin
  • Agricultural Intensification, Irrigation and the Environment in South Asia: Issues and Policy Options, Working Paper M06_4, 28/4/2006, John Quiggin Mohammad Alauddin
  • Water use and salinity in the Murray–Darling Basin: a state-contingent model, Working Paper M06_5, 15/6/2006, David Adamson, Thilak Mallawaarachchi and John Quiggin
  • The Metagovernance of Markets: The Politics of Water Management in Australia, Working Paper M06_6, , Stephen Bell John Quiggin
  • Choosing the Best Forage Species for a Dairy Farm: The Whole-farm Approach, Working Paper M06_7, 24/11/2006, Mark Neal, James Neal and Bill Fulkerson
  • Conservation Policies, Environmental Valuation and the Optimal Size of Jurisdictions, Working Paper M06_8, 24/11/2006, Giovanni B. Concu

2005

  • Modelling Basin Level Allocation of Water in the Murray Darling Basin in a World of Uncertainty, Working Paper M05_1, 8/2/2005, David Adamson, Thilak Mallawaarachchi and John Quiggin
  • Commercial Forestry: An Economic Development Opportunity Consistent with the Property Rights of Wik People to Natural Resources, Working Paper M05_2, 10/2/2005, Tyron Venn
  • The Precautionary Principle in Environmental Policy and the Theory of Choice under Uncertainty, Working Paper M05_3, 27/4/2005, John Quiggin
  • Risk and Water Management in the Murray-Darling Basin, Working Paper M05_4, 30/4/2005, John Quiggin
  • Accommodating Indigenous Cultural Heritage Values in Resource Assessment: Cape York Peninsula and the Murray–Darling Basin, Australia, Working Paper M05_5, 18/6/2005, Tyron Venn and John Quiggin
  • Are Non-use Values Distance-independent? Identifying the Market Area using a Choice Modelling Experiment, Working Paper M05_6, 6/12/2005, Giovanni B. Concu
  • Investigating Distance Effects on Environmental Values: A Choice Modelling Approach, Working Paper M05_7, 6/12/2005, Giovanni B. Concu
  • The Potential Cost to New Zealand Dairy Farmers from the Introduction of Nitrate-based Stocking Rate Restrictions, Working Paper M05_8, 15/12/2005, Mark Neal

2004

  • Discounting and Policy Options for Sustainable Management of the Murray-Darling River System, Working Paper M04_1, February 2004, John Quiggin
  • Water Rights for Variable Supplies, Working Paper M04_2, June 2004, John Freebairn and John Quiggin
  • Sustainable Management of the Great Artesian Basin: an analysis based on Environmental Economics and Law, Working Paper M04_3, June 2004, John Quiggin and Poh-Ling Tan
  • Optimal Timber Utilisation Strategies for Wik People on Cape York Peninsula, Working Paper M04_4, 23/8/2004, Tyron Venn
  • Portable Sawmilling Costs for Landholders in Western Queensland, Working Paper M04_5, 23/8/2004, Tyron Venn, Robbie McGavin and William W. Leggate
  • Designing, Developing and Testing Financial Models for Non-industrial Private Forestry, Working Paper M04_6, 23/8/2004, Steve Harrison, Nick Emtage, John Herbohn and Tyron Venn
  • A Wik Forestry Industry on Cape York Peninsula: Visions and Realities, Working Paper M04_7, 23/11/2004, Tyron Venn

2003

  • Drought Policy: A State-Contingent View, Working Paper M03_1, 1/8/2003, John Quiggin and Robert G. Chambers

Risk and Uncertainty Program

2016

  • Dynamic awareness and zero probability beliefs, Working Paper R16_1, John Quiggin

2015

  • Minimal conditions for parametric continuity of a utility representation, Working Paper R15_1, Patrick O'Callaghan
  • Bounded awareness and anomalies in intertemporal choice: Google Earth as metaphor and model , Working Paper R15_2, Stein T. Holden and John Quiggin

2014

  • A theory of robust experiments for choice under uncertainty, Working Paper R14_1, Simon Grant, Jeff Kline, Idione Meneghel, John Quiggin and Rabee Tourky
  • Sub-models for Interactive Unawareness, Working Paper R14_1, Simon Grant, J. Jude Kline, Patrick O’Callaghan and John Quiggin

2013

  • Inferring the Strategy Space from Market Outcomes, Working Paper R13_1, Flavio M. Menezes and John Quiggin
  • The Value of Information and the Value of Awareness, Working Paper R13_2, John Quiggin
  • Savage Games: A Theory of Strategic Interaction with Purely Subjective Uncertainty, Working Paper R13_3, Simon Grant, Idione Meneghel and Rabee Tourky
  • Ordinal, Non-linear Context Dependence, Working Paper R13_4, Patrick O'Callaghan
  • Ambiguous Contracts: A Syntactic Approach, Working Paper R13_5, Simon Grant, Jeff Kline, John Quiggin
  • Ordinal, nonlinear context-dependence: uncountably many alternatives, Working Paper R13_6, Patrick O'Callaghan

2012

  • Differential Awareness, Ambiguity, and Incomplete Contracts: A Model of Contractual Disputes?, Working Paper R12_1, Simon Grant, J. Jude Kline and John Quiggin
  • Optimal Access Regulation with Downstream Competition, Working Paper R12_2,Tina Kao, Flavio M. Menezes and John Quiggin
  • Inductive Reasoning About Unawareness, Working Paper R12_3, Simon Grant and John Quiggin
  • Bounded Awareness, Heuristics and the Precautionary Principle, Working Paper R12_4, Simon Grant and John Quiggin
  • A Matter of Interpretation: Ambiguous Contracts and Liquidated Damages, Working Paper R12_5, Simon Grant, Jeff Kline and John Quiggin
  • Meeting the Competition: Commitment and Competitive Behavior, Working Paper R12_6, Tina Kao, Flavio Menezes and John Quiqqin
  • Preserving Capital Returns Under Increasing Pest Pressure, Working Paper R12_7, David Adamson and Daniel Quiggin

2011

  • More competitors or more competition? Market concentration and the intensity of competition, Working Paper R11_1,Flavio M. Menezes and John Quiggin
  • A Two-Parameter Model of Dispersion Aversion, Working Paper R11_2, Robert G. Chambers, Simon Grant, Ben Polak & John Quiggin
  • Intensity of Competition and the Number of Competitors, Working Paper R11_3, Flavio M. Menezes & John Quiggin
  • A Matter of Interpretation: Ambiguous Contracts and Liquidated Damages, Working Paper R11_4, Simon Grant, Jeff Kline & John Quiggin
  • Capabilities as Menus: A Non-Welfarist Basis for QALY Evaluation, Working Paper R11_5, Han Bleichrodt & John Quiggin

2010

  • The Computation of Perfect and Proper Equilibrium for Finite Games via Simulated Annealing, Working Paper R10_1, Stuart McDonald and Liam Wagner
  • Uncertainty and Technical Effciency in Finnish Agriculture: A State-Contingent Approach, Working Paper R10_2, Celine Nauges, Christopher O'Donnell, and John Quiggin
  • Production Under Uncertainty: A Simulation Study, Working Paper R10_3, Sriram Shankar, Christopher O'Donnell, and John Quiggin
  • Economics as a Social Science: Financial Regulation After The Crisis, Working Paper R10_4, John Quiggin

2009

  • Inductive Reasoning About Unawareness, Working Paper R09_1, 10/6/2009, Simon Grant and John Quiggin
  • Markets for Influence, Working Paper R09_2, 11/09/2009 Flavio M. Menezes and John Quiggin
  • A Matter of Interpretation: Bargaining over Ambiguous Contracts, Working Paper R09_3, Simon Grant, Jeff Kline and John Quiggin

2008

  • Generalized Invariant Preferences: Two-parameter Representations of Preferences, Working Paper R08_1, 11/2/2008 Robert Chambers and John Quiggin
  • Bounded Rationality and Small Worlds, Working Paper R08_2, 9/6/2008, Simon Grant and John Quiggin

2007

  • Estimating Complex Production Functions: The Importance of Starting Values, Working Paper R07_1, 22/2/2007, Mark Neal
  • Noise Risk and Derivative Price, Working Paper R07_2, 2/4/2007, Yusuke Osaki
  • A Risk–Neutral Characterization of Optimism and Pessimism, and its Applications, Working Paper R07_3, 2/4/2007, Yusuke Osaki and John Quiggin
  • Can Game Theory be Saved?, Working Paper R07_4, 1/2/2007, Flavio Menezes and John Quiggin
  • Bargaining Power and Efficiency in Insurance Contracts, Working Paper R07_5, 15/3/07, John Quiggin and Robert G. Chambers
  • Sharp and Diffuse Incentives in Contracting, Working Paper R07_06, Flavio Menezes and John Quiggin
  • Markets for Influence, Working Paper R07_7, 1/8/2007, Flavio Menezes and John Quiggin
  • Event Specific Data Envelopment Models and Efficiency Analysis Working Paper R07_8 1/11/2007, Robert Chambers, Atakelty Hailu and John Quiggin

2006

  • Dual Approaches to the Analysis of Risk Aversion, Working Paper R06_1, 1/3/2006, Robert G. Chambers and John Quiggin
  • Efficiency Analysis in the Presence of Uncertainty, Working Paper R06_2, Chris O’Donnell, Robert G. Chambers and John Quiggin
  • Lost in Translation: Honest Misunderstandings and Ex Post Disputes, Working Paper R06_3, 14/8/2006, Simon Grant, Jeff Kline and John Quiggin

2005

  • The State-Contingent Approach to Production Under Uncertainty , Working Paper R05_1, John Quiggin and Robert G. Chambers
  • Economists and Uncertainty, Working Paper R05_2, John Quiggin
  • Cost Minimization and Asset Pricing, Working Paper R05_3, Robert G. Chambers and John Quiggin
  • Consistent Bayesian updating with unconsidered propositions, Working Paper R05_4, Simon Grant and John Quiggin
  • Comparative Risk Aversion for State-Dependent Preferences, Working Paper R05_5, 18/6/2005, John Quiggin and Robert G. Chambers
  • Outcomes and Strategy Choices in Tullock Contests, Working Paper R05_6, 18/6/2005, Flavio Menezes and John Quiggin
  • Learning and Discovery, Working Paper R05_7, 24/7/2005, Simon Grant and John Quiggin

2004

  • Output Price Subsidies in a Stochastic World, Working Paper R04_1, 1/1/2004, Robert G. Chambers and John Quiggin
  • Supermodularity and Risk Aversion, Working Paper R04_2, 21/3/2004, John Quiggin and Robert G. Chambers
  • Linear-Risk-Tolerant, Invariant Risk Preferences, Working Paper R04_3, 12/4/2004, Robert G. Chambers and John Quiggin
  • Increasing Uncertainty: A Definition, Working Paper R04_4, 15/5/2004, Simon Grant and John Quiggin
  • Supermodularity and the Comparative Statics of Risk, Working Paper R04_5, 20/6/2004, John Quiggin and Robert G. Chambers
  • Fixed Wages and Bonuses in Agency Contracts: The Case of a Continuous State Space, Working Paper R04_6, 21/6/2004, Maria Racionero and John Quiggin
  • Games without Rules, Working Paper R04_7, 21/7/2004, Flavio Menezes and John Quiggin
  • The Risk Premium for Equity: Implications for Resource Allocation, Welfare and Policy, Working Paper R04_8, 30/8/2004, Simon Grant and John Quiggin
  • Capital Market Equilibrium with Moral Hazard and Flexible Technology, Working Paper R04_9, 22/9/2004, John Quiggin and Robert G. Chambers

2003

  • Bargaining Power and Efficiency in Principal--agent Relationships, Working Paper 1/RO3, 21/8/2003, John Quiggin and Robert G. Chambers
  • Information and the Risk-Averse Firm, Working Paper R03_2, 1/10/2003, Robert G. Chambers and John Quiggin
  • Narrowing the No-Arbitrage Bounds, Working Paper R03_3, 2/10/2003, Robert G. Chambers and John Quiggin
  • Separability of Stochastic Production Decisions from Producer Risk Preferences in the Presence of Financial Markets, Working Paper R03_4, 30/9/2003, Robert G. Chambers and John Quiggin
  • Comparative Statics for State-contingent Technologies, Working Paper R03_5, 30/11/2003, Robert G. Chambers and John Quiggin
  • Dual Structures for the Sole-proprietorship Firm, Working Paper R03_6, 10/12/2003, Robert G. Chambers and John Quiggin

Australian Public Policy Program

2013

  • The Queensland Commission of Audit Final Report: A Critical Review. Working Paper P13_1, John Quiggin
  • Can Australia become the food bowl of Asia?, Working Paper P13_2, David Adamson
  • Macroeconomic Policy after the Global Financial Crisis, Working Paper P13_3, John Quiggin
  • Market Design for New Leaders, Working Paper P13_4, Flavio M. Menezes
  • What’s it all about?: What does good economic management mean in Australia?, Working Paper P13_5, John Quiggin and Raja Junankar

2012

  • The Economics of New Media, Working Paper P12_1, John Quiggin

2011

  • The Lost Golden Age of Productivity Growth?, Working Paper P11_1, John Quiggin
  • Consensus, Dissensus and Economic Ideas: The Rise and Fall of Keynesianism During the Economic Crisis?, Working Paper P11_2, Henry Farrell and John Quiggin

2010

  • Bad Politics Makes Bad Policy: The Case of Queensland’s Asset Sales Program, Working Paper P10_01, John Quiggin
  • The Poverty Burden: A Measure of the Difficulty of Ending Extreme Poverty, Working Paper P10_2, John Quiggin and Renuka Mahadevan
  • Special Taxation of the Mining Industry, Working Paper P10_3, John Freebairn and John Quiggin

2009

  • Risk Shifts in Australia: Implications of the Financial Crisis, Working Paper P09_01 25/11/2009 John Quiggin
  • Six Refuted Doctrines, Working Paper P09_02, John Quiggin
  • An Agenda for Social Democracy, Working Paper P09_03, John Quiggin
  • The Value of Public Sector Information for Cultural Institutions, Working Paper P09_04, John Quiggin

2008

  • Amateur Content Production, Networked Innovation and Innovation Policy Working Paper P08_01 1/10/2008 John Quiggin
  • Underemployment and Labour Market Insecurity , Working Paper P08_2, 1/12/08 Stephen Bell and John Quiggin

2007

  • Intellectual Policy and Indigenous Culture, Working Paper P08_01 25/02/2007, Robynne Quiggin and John Quiggin
  • Risk and Social Policy, Working Paper P07_2 1/11/2007, John Quiggin
  • Beyond Stop/Go?: Explaining Australia’s Long Boom , Working Paper P07_3, 18/11/07 Stephen Bell and John Quiggin

2006

  • Blogs, Wikis and Creative Innovation, Working Paper P06_1, 10/2/2006, John Quiggin
  • IR Reform: Choice and Compulsion, Working Paper P06_2, 1/3/2006, Mark Bahnisch & John Quiggin
  • Cities, Connections and Cronyism, Working Paper P06_3, John Quiggin
  • Stories about Productivity, Working Paper P06_4, 1/3/2006, John Quiggin

2005

  • How to Kill a Country?: The US-Australia Free Trade Agreement, Pharmaceuticals and Intellectual Property , Working Paper P05_1, 13/1/2005, John Quiggin
  • Unemployment, Labour Market Insecurity and Policy Options, Working Paper P05_2, 15/1/2005, Stephen Bell and John Quiggin
  • Economic Liberalism: Fall, Revival and Resistance , Working Paper P05_3, 26/4/05, John Quiggin
  • No More Free Beer Tomorrow? Economic policy and outcomes in Australia and New Zealand 1984-2003 , Working Paper P05_4, 26/4/2005, Tim Hazledine and John Quiggin
  • Localisation, Globalisation and Finance, Working Paper P05_5, 15/12/2005, John Quiggin

2004

  • The Y2K Scare: Causes, Costs and Cures, Working Paper P04_1, 18/2/2004, John Quiggin
  • Economic Evaluation of the Proposed Free Trade Agreement between Australia and the United States, Working Paper P04_2, 24/4/2004, John Quiggin
  • Asset Price Instability and Policy Responses: The Legacy of Liberalisation, Working Paper P04_3, 1/6/2004, Stephen Bell and John Quiggin

2003

  • Looking Back on Microeconomic Reform: A Skeptical Viewpoint, Working Paper P03_1, 1/11/2003, John Quiggin

Climate Change Program

2013

  • Carbon Pricing and the Precautionary Principle, Working Paper C13_1, John Quiggin
  • How I learned to stop worrying and love the RET, Working Paper C13_2, John Quiggin

2011

  • Stabilizing the Global Climate: A Simple and Robust Benfit Cost Analysis, Working Paper C11_1, John Quiggin

2010

  • Climate Change, Uncertainty and Adaptation: The Case of Irrigated Agriculture in the Murray–Darling Basin in Australia, Working Paper C10_1, John Quiggin, David Adamson,Sarah Chambers, and Peggy Schrobback

2009

  • Agriculture and Global Climate Stabilization: A Public Good Analysis, Working Paper C09_1, John Quiggin

2008

  • Equity Between Overlapping Generations Working Paper C08_1, 1 June 2008, John Quiggin
  • Uncertainty and Climate Change Policy Working Paper C08_2, 1 August 2008, John Quiggin
  • The Impact of Climate Change on Agriculture Working Paper C08_3, 18 August 2008, John Quiggin
  • Grandfathering and Greenhouse: The Role of Compensation and Adjustment Assistance in the Introduction of a Carbon Emissions Trading Scheme for Australia, Working Paper C08_4, Flavio Menezes, John Quiggin, and Liam Wagner

2007

  • Stern and his Critics on Discounting and Climate Change Working Paper C07_1 19/06/2007, John Quiggin
  • Declining Inflows and More Frequent Droughts in the Murray–Darling Basin: Climate Change, Impacts and Adaption Working Paper C07_2 1/07/2007, John Quiggin
  • Complexity, Climate Change and the Precautionary Principle Working Paper C07_3 01/07/2007, John Quiggin
  • The Practicalities of Emissions Trading Working Paper C07_4 06/08/2007, Joshua Gans and John Quiggin
  • Counting the Cost of Climate Change at an Agricultural Level Working Paper C07_5 2/10/2005, John Quiggin

2006

  • Fiddling While Carbon Burns: Why Climate Policy Needs Pervasive Emission Pricing as well as Technology Promotion, Working Paper C06_1, John C.V. Pezzey, Frank Jotzo and John Quiggin

Finance

2016

  • Anchoring and Adjustment Heuristic: A Unified Explanation for Asset-Return Puzzles, Working Paper F16_1, Hammad Siddiqi

2015

  • Analogy Based Valuation of Commodity Options, Working Paper F15_1, Hammad Siddiqi
  • Analogy Based Valuation of Currency Options, Working Paper F15_2, Hammad Siddiqi
  • Relative Risk Perception and the Puzzle of Covered Call Writing, Working Paper F15_3, Hammad Siddiqi
  • Anchoring Heuristic in Option Pricing Working Paper F15_4, Hammad Siddiqi
  • Anchoring Adjusted Capital Asset Pricing Model Working Paper F15_5 Hammad Siddiqi

2014

  • The Financial Market Consequences of Growing Awareness: The Case of Implied Volatility Skew, Working Paper F14_1, Hammad Siddiqi
  • Mental Accounting: A New Behavioral Explanation of Covered Call Performance, Working Paper F14_2, Hammad Siddiqi
  • The Routes to Chaos in the Bitcoins Market, Working Paper F14_3, Hammad Siddiqi
  • Analogy Making and the Puzzles of Index Option Returns and Implied Volatility Skew: Theory and Empirical Evidence, Working Paper F14_4, Hammad Siddiqi
  • Network Formation and Financial Fragility Working Paper F14_5, Danilo Lopomo Beteto Wegner
  • A Reinterpretation of the Gordon and Barro Model in Terms of Financial Stability Working Paper F14_6, Danilo Lopomo Beteto Wegner
  • Analogy Making and the Structure of Implied Volatility Skew Working Paper F14_7, Hammad Siddiqi

2013

  • Analogy Making in Complete and Incomplete Markets: A New Model for Pricing Contingent Claims, Working Paper F13_1, Hammad Siddiqi
  • Managing Option Trading Risk with Greeks when Analogy Making Matters, Working Paper F13_2, Hammad Siddiqi

2012

  • Government Safety Net, Stock Market Participation and Asset Prices, Working Paper F12_1, Danilo Lopomo Beteto
  • Government Induced Bubbles, Working Paper F12_2, Danilo Lopomo Beteto
  • Government Intervention and Financial Fragility, Working Paper F12_3, Danilo Lopomo Beteto
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