Deregulation and Open Capital Markets: The Australian Experience Before Wallis

Deregulation and the Theory of Contestable Markets

Forward Contracts in Electricity Markets: the Australian Experience

Forward contracts play a vital role in all electricity markets, and yet the details of the market for forward contracts are often opaque. In this paper we review the existing literature on forward contracts and explore the contracting process as it operates in Australia. The paper is based on interviews with participants in Australia’s National Electricity Market. The interviews were designed t...

Cognitive Learning of Intelligence Systems Using Neural Networks: Evidence from the Australian Capital Markets

Artificial neural networks (ANNs) allow users to improve forecasts through pattern recognition. The purpose of this paper is to validate ANNs as a detection tool in four financial markets. This study investigates whether market inefficiencies exist using ANN as a model. It also investigates whether additional publicly available information can provide investors with a trading advantage. In fina...

Cognitive Pattern Analysis Employing Neural Networks: Evidence from the Australian Capital Markets

An artificial neural network is an intelligent system using computers that allows users to improve performance through pattern recognition. Neural networks benchmark their predictions with actual results and constantly revise their predictions, improving forecasting capability. The purpose of this paper is to support the use of neural networks as a detection mechanism tool to discover market in...

R & D and Capital Markets

conomic growth and the consequent welfare improvement of nations and individuals are driven mainly by technological change, as manifested by the however, by antiquated accounting rules and insufficient disclosure by corporations. Despite the obvious benefits of R&D, which generally stretch over extended periods of time, this investment is immediately expensed (written off) in corporate financia...