Innovation in durable goods: expansion of electric cars in Australia. Highly desirable transition to environmentally friendly technologies such as electric automobiles requires well-designed governmen

Description

Innovation in durable goods: expansion of electric cars in Australia. Highly desirable transition to environmentally friendly technologies such as electric automobiles requires well-designed governmental support. Short-sighted policies may lead to unintended consequences and do more harm than good. The importance of a secondary market for durable goods makes the policy design a complex dynamic problem. This project will produce mathematical and computational tools to explore potential regulation standards and stimulus programs in a simulated environment to find an optimal approach for expanding electric cars in Australia. Built on the team's groundbreaking research in modelling equilibria in markets for automobiles, this project will enable the search for optimal policy that will benefit Australian society.. Scheme: Discovery Projects. Field: 3801 - Applied Economics. Lead: Prof Fedor Iskhakov