Program

The ACE 2015 Program will feature distinguished keynote lectures, invited policy panel discussions, professional development seminars and contributed papers. Scroll down the page to review the preliminary program. As you make plans to attend ACE, we encourage you to attend a wide selection of these daily events which are sure to make for an interesting conference experience.

 

Video footage from ACE 2015 is now available please click here to view.

 

Full Paper Program now available, please click here to view!**

 

 For a copy of the ACE 2015 Program Overview please click here**

 

For a soft copy of the ACE 2015 Handbook please click here**

 

PROGRAM

Tuesday, 7 July

PhD COLLOQUIUM

We welcome PhD students and early Post Doctoral Fellows to attend the PhD Colloquium. The Colloquium aims to foster mutual learning and cooperation between students and colleagues from around Australia and further beyond, by providing a great opportunity to share research outcomes, receive feedback and discuss ideas.

Along with concurrent paper sessions, attendees can participate in special sessions focusing on Job Market Opportunities and Academic Writing. The highly regarded consulting firm Thinkwell will also be conducting workshops on Research Presentation Skills. Early registration for these presentation skills workshops is encouraged, as numbers are limited.

Attendance is available to full and day-only registrants.

More information on the PhD Colloquium

PROFESSIONAL DEVELOPMENT SEMINAR
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Session Sponsor

Cost Benefit Analysis: Theory and Practice –  Alex Robson and Chris Flemming, Griffith University

More information on Professional Development Seminars

YOUNG ECONOMIST DEBATE

Economics Education Needs Saving in Australia

Come to see our revered ‘senior economists’ go head to head with some up and coming Young Economists in a debate on economics education.

YE team: Abby Kamalakanthan (QLD) & Farhan Abedin (SA)
ESA team: Alicia Rambaldi (QLD) & Alison Booth (ACT)

Moderator: Paul Frijters (QLD)

This event follows the PhD Colloquium and precedes the Welcome Cocktail Function and is available to full and day-only registrants.

WELCOME COCKTAIL FUNCTION

Enjoy renewing old acquaintances and making new, whilst soaking up the surrounds of the Old Government House in the grounds of QUT’s Gardens Point Campus. This event is complimentary for full and day-only registrants.

Wednesday, 8 July

KEYNOTE ADDRESSES

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Session Sponsors

Ariel Rubinstein – Tel Aviv University and New York University

Keynote Address: Typology of Players: between Instinctive and Contemplative

Ariel Rubinstein studied mathematics and economics at the Hebrew University of Jerusalem, 1972–1979. He is a professor of economics at the School of Economics at Tel Aviv University and the Department of Economics at New York University.

In 1982, he published “Perfect equilibrium in a bargaining model”, an important contribution to the theory of bargaining . The model is known also as a Rubinstein bargaining model. He co-wrote A Course in Game Theory (1994) with Martin J. Osborne, a textbook that has been cited in excess of 5,300 times as of March 2014.

A new typology of players is proposed based on the classification of actions as either instinctive or contemplative. A person’s type is the probability of him choosing a contemplative action. To test the typology, results of ten games are analysed. Actions in each game were classified depending on whether their response time was more or less, respectively, than the median response time of all subjects who played the game. It is argued that fast actions are more instinctive and slow actions are more contemplative.

Please click here to download the session paper


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Session Sponsor

Federico Bandi – Johns Hopkins University 

Keynote Address: Low-frequency asset pricing dynamics

Federico M. Bandi is a Professor of Economics and Finance at Johns Hopkins University, Carey Business School. He studies financial econometrics, time series econometrics, continuous-time asset pricing, empirical asset pricing, and empirical market microstructure. His research has been published in leading economics, econometrics, and finance journals, including the Journal of Financial Economics, the Journal of Econometrics, the Review of Economic Studies, and Econometrica. Prior to joining Johns Hopkins University, he was a University of Chicago (Booth School of Business) faculty member. While at Booth, he was awarded three times the Hillel J. Einhorn Excellence in Teaching Award and twice the David W. Johnson Professorship. Professor Bandi serves as a Co-Editor of the Journal of Financial Econometrics, and as an Associate Editor of Econometric Theory, the Journal of Business and Economic Statistics, and the Econometrics Journal. He is a research associate of the Edhec-Risk Institute and an elected fellow of the Society for Financial Econometrics.

Stock return predictive relations found to be elusive when using raw data may hold true for different low-frequency components of the data. Similarly, cross-sectional asset pricing models shown not to be supported by raw data may be satisfied when risk is suitably defined with respect to low-frequency components of the aggregate series.  Consistent with this premise, the presentation discusses a novel approach to the analysis of financial time series viewed as the result of a cascade of shocks operating at different frequencies. The approach leads to new asset pricing models as well as to formal justifications for existing results in the finance literature relying on aggregation.

ELS_NS_Logo_2C_RGBGlobal Trends in Open Access

Gemma Hersh, Policy Director, Access and Policy, Elsevier

As funding bodies continue to develop open access policies, this presentation will provide an overview of the current and emerging trends around the world and how publishers such as Elsevier are supporting researchers and institutions to manage these demands.

PROFESSIONAL DEVELOPMENT SEMINAR
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Session Sponsor

Econometrics for Big Data– Rodney Strachan, University of Queensland

More information on Professional Development

POLICY ROUNDTABLES

Higher Education Deregulation

Tax Policy: Where to Following the Release of the Government’s Discussion Paper

Health Economics: How much will the future look like the past? How should we change the future?

More information on Policy Panel Discussions

Thursday, 9 July

KEYNOTE ADDRESS

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Session Sponsor

Paul J Ferraro – Bloomberg Distinguished Professor, Johns Hopkins University and Georgia State University

Keynote address: Applying Behavioral Economics to Improve Public Programs: knowns and unknowns

Paul J Ferraro’s research focuses on the design and empirical evaluation of environmental programs. He is a Senior Science Fellow with the World Wildlife Fund and the Humanitas Visiting Professor in Sustainability Studies at the University of Cambridge. In this paper he discusses a number of issues in the application of behavioural economics and his recent experience as co-Director of the U.S. Department of Agriculture’s Center for Behavioral and Experimental Agri-environmental Research.

Applications of behavioural economics are an increasingly popular means to influence behaviors in the context of public programs. For example, governmental and nongovernmental agencies have established in-house behavioral units (a.k.a. “Nudge Squads”) to apply insights from behavioural economics to improve the performance and cost-effectiveness of public programs.  Claims that these behavioural economics-inspired interventions can change short-term behaviors in a cost-effective manner are supported by substantial empirical evidence, often from randomized controlled trials in scholar-practitioner collaborations. Despite this apparent success, the literature has largely ignored issues related to: (i) replication; (ii) the persistence of the induced behavioral changes over longer-term horizons; (iii) the behavioural impacts on profit-maximizing agents or, more generally, experienced agents acting in competitive environments; (iv) the interactions among behavioural interventions and between behavioural interventions and more traditional economic instruments; and (v) the impacts of behavioural economics-based interventions when agents recognise the interventions and are aware of their intent.

Please click here to download the session slides

 

PROFESSIONAL DEVELOPMENT SEMINAR
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Session Sponsor

Behavioural Economics – Professor Uwe Dulleck and Professor Benno Torgler, Queensland University of Technology
More information on Professional Development Seminars

Lunch: Andrew Leigh, MP,  Shadow Assistant Treasurer, Shadow Minister for Competition and Member for Fraser (ACT)
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Andrew Leigh

 

Andrew Leigh will discuss his latest book The Economics of Just About Everything (2014).  

Prior to being elected in 2010, Andrew was a professor of economics at the Australian National University. Andrew holds a PhD in public policy from Harvard, having graduated from the University of Sydney with first class honours in Law and Arts. He has previously worked as a lawyer and as a principal adviser to the Australian Treasury.

This will be an informal session and attendees are encouraged to bring their lunch

POLICY ROUNDTABLES

Competition Policy Review

Public Policy and Behavioural Economics

More information on Policy Panel Discussions

CONFERENCE DINNER

A night to remember at one of Brisbane’s most iconic venues – UQ’s elegant Customs House. This function includes presentation of the Economics Society’s Awards. Bookings and additional payment are required — places are limited.

Friday, 10 July

KEYNOTE ADDRESSES

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Session Sponsor

Paul KlempererEdgeworth Professor of Economics, Oxford University

Keynote address: Geometry, Equilibrium, and New Auction Designs

Paul Klemperer has advised numerous governments, including devising the UK government’s “3G” mobile-phone license auction that raised £22.5 billion, and assisting the US Treasury in the financial crisis.  He invented an auction to help the Bank of England as the financial crisis took hold in 2007.

Product Mix Auction are now regularly used by the Bank of England. These auctions were designed relying on geometric techniques which provide a new way to analyse demand for indivisible goods. These methods yield powerful new theorems about the existence of competitive equilibrium.  Then- Bank of England-Governor Mervyn King described the approach as “a marvellous application of theoretical economics to a practical problem of vital importance”. The auction efficiently combines buyers’ and sellers’ preferences across multiple related goods – other potential applications include allocating radiospectrum, designing an energy market that reflects government preferences for renewables, etc.


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Session Sponsor

Wendy Carlin – Professor of Economics at University College London (UCL)

The Future of Economics Teaching

Wendy Carlin is Professor of Economics at University College London (UCL), and Research Fellow of the Centre for Economic Policy Research (CEPR), London. She is a Rhodes Scholar from Western Australia and has MPhil and DPhil degrees from Oxford University. She is a member of the Expert Advisory Panel of the UK’s Office for Budget Responsibility, Council member of the Royal Economic Society and Fellow of the European Economic Association.

Wendy Carlin will present on a new structure for the economics curricula being developed by her and others drawing on contributions across five continents as part of the CORE Project. The CORE project is being piloted in introduction to economics courses at UCL, SciencesPo (Paris), University of Sydney and other universities around the world.

The session is sponsored by the Economic Society of Australia with the support of the International Economic Association.

Discussants: Bill Becker, Indiana University and Rodney Maddock, Victoria University and President, Victorian Branch of the Economic Society of Australia

Please click here to download the session slides

POLICY ROUNDTABLES

Does Australia have a Public Debt Problem? Lessons from US and Europe


 

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Session Sponsor

Energy Policy

More information on Policy Panel Discussions

THE BUSINESS SYMPOSIUM
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Session Sponsors

The Business Symposium has been structured to consider economic issues of particularly high relevance to the business community and will be of interest to financial-market economists, public and private sector economists and chief financial officers. Conference delegates are welcome to attend all sessions.

The Business Symposium features:

Keynote address by Paul Klemperer, Oxford University, who was a key advisor to the Bank of England in the aftermath of the GFC;

Policy Rountables on Energy Policy and Public Debt (Does Australia have a Public Debt Problem? Lessons from US and Europe);

A luncheon address by John Fraser, Secretary to the Treasury (included in registrations for the Business Symposium and offered at a heavily discounted rate for those attending the conference);

Keynote address by Professor David Kalisch, Australian Statistician:  The State of Economic Statistics in Australia; and

Economic Outlook Panel on short and long-term economic prospects.