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Grant Award View - GA142196
Price-Setting Rules and Allocative Efficiency in Oligopolies
GA ID:
GA142196
Agency:
Australian Research Council
Approval Date:
11-Dec-2020
Publish Date:
15-Dec-2020
Category:
Humanities, Arts and Social Sciences (HASS) Research
Grant Term:
1-Jan-2021 to 31-Dec-2023
Value (AUD):
$146,641.00
(GST inclusive where applicable)
Variations:
- GA142196-V2 - Variation to Grant (20-Oct-2021 )
- GA142196-V1 - Variation to Grant (2-Aug-2021 )
One-off/Ad hoc:
No
Aggregate Grant Award:
No
PBS Program Name:
ARC 20/21 Discovery
Grant Program:
Discovery Projects
Grant Activity:
Price-Setting Rules and Allocative Efficiency in Oligopolies
Purpose:
This project aims to investigate under which circumstances restrictions on how often firms can change prices increase competition in an oligopoly and bring down prices. For this, we propose the use of laboratory experiments with a novel design followed by field experiments and a real price-data analysis for external validation. This study will result in both the advancement of theory describing how firms compete in dynamic oligopolies and practical policy advice on how price setting rules can be used to improve consumer welfare. This project has the potential to generate sizable benefits to Australian consumers, as the resulting policy advice would be applicable to large markets such as those for petrol, groceries and online retail.
GO ID:
GO Title:
Discovery Projects for funding commencing in 2021
Internal Reference ID:
DP21 Round 1
Selection Process:
Targeted or Restricted Competitive
Confidentiality - Contract:
No
Confidentiality - Outputs:
No
Grant Recipient Details
Recipient Name:
The University of Adelaide
Recipient ABN:
61 249 878 937
Grant Recipient Location
Suburb:
ADELAIDE
Town/City:
ADELAIDE
Postcode:
5000
State/Territory:
SA
Country:
AUSTRALIA
Grant Delivery Location
State/Territory:
SA
Postcode:
5000
Country:
AUSTRALIA