Andrew Wait

Andrew Wait received his PhD from the Australian National University in 2002. His main areas of interest are industrial organisation and contract theory, in particular the application of holdup problem to bargaining and investment problems. Andrew's publications include: 'Hold-up with specific sequential investment', The Rand Journal of Economics, forthcoming 2004 (with Vladimir Smirnov); 'Timing of investment, welfare and holdup' International Journal of Industrial Organization, 22(3), 413-25, 2004 (with Vladimir Smirnov); and 'Tendering and regulation', Australian Journal of Management, 28(3), 345-370, 2003 (with Flavio Menezes and Rohan Pitchford).

Currently Andrew is working several research projects. First, he is studying coordination games with a second-mover advantage with Vladimir Smirnov. This research is supported by a School of Economics and Political Science grant. Second, in collaboration with Kieron Meagher from the University of New South Wales, Andrew is researching the allocation of decision-making authority in organizations.

Research Expertise

• Industrial Organization and International Trade

Publications

Industrial Organization and International Trade

2011

Journal Article/s

Smirnov V and Wait A 2011 'Bundling Auctions with Non-Linear Valuations', Australian Economic Papers, vol.50:1, pp. 17-26

2010

Journal Article/s

Rush A, Smirnov V and Wait A 2010 'Communication Breakdown: Consultation or Delegation from an Expert with Uncertain Bias', The B.E. Journal of Theoretical Economics, vol.10:1 (Article 34), pp. 1-27

Conference Paper/s

Wait A and Meagher K 2010 'Who decides about change and restructuring in organizations?, 10th World Congress of the Econometric Society 2010, Shanghai, China, 21st August 2010

Conference Proceeding/s

Wait A and Wright J 2010 'Decisions, firms and families', Proceedings of the 39th Australian Conference of Economists ACE10, Sydney, Australia, 29th September 2010

2009

Conference Proceeding/s

Mai M, Smirnov V and Wait A 2009 'Timing, investment and optimal ownership', 38th Australian Conference of Economists, Adelaide, Australia, 30th September 2009

Rush A, Smirnov V and Wait A 2009 'Uncertainty, delegation and communication', 38th Australian Conference of Economists, Adelaide, Australia, 30th September 2009

2007

Journal Article/s

Smirnov V and Wait A 2007 'Staged financing with a variable return', The B.E Journal of Theoretical Economics, vol.7:1 (Contributions) Article 5, pp. 1-23

Basnov S, Smirnov V and Wait A 2007 'Market Niche, Flexibility and Commitment', The Manchester School, vol.75:1, pp. 122-130

Smirnov V and Wait A 2007 'Market Entry Dynamics with a Second-Mover Advantage', The B.E Journal of Theoretical Economics, vol.7:1 (Advances), pp. 1-23

2006

Conference Paper/s

Clark S, Pickering J, Taylor L and Wait A 2006 'Poster-Understanding the impact of tablet PCs on student learning and academic teaching, Ascilite, Sydney NSW, Australia, 10th December 2006

2005

Journal Article/s

Wait A 2005 'Hold-up and Innovation', Journal of Economics, vol.85:3, pp. 277-295

Smirnov V and Wait A 2005 'Coordination Games and the Option to Wait', Economics Bulletin, vol.3:18, pp. 1-4

Pitchford R and Wait A 2005 'Sydney Airport Land: Appropriate Value for Regulatory Purposes', Agenda, vol.12:2, pp. 19-31

Conference Proceeding/s

Meagher K and Wait A 2005 'Delegation of decision making, competition and business strategy', 34th Conference of Economists, Economic Society of Australia, Melbourne, Australia, 28th September 2005 Link

2004

Book Section/s

Smirnov V and Wait A 2004 'Industry Sunk Costs and Entry Dynamics' in Contemporary Issues in Economics and Econometrics, ed. R. Becker and S. Hurn, Edward Elgar, Cheltenham, United Kingdom, pp. 34-49

Journal Article/s

Smirnov V and Wait A 2004 'Hold-up and Sequential Specific Investments', Rand Journal of Economics, vol.35:2, pp. 386-400 Link

Smirnov V and Wait A 2004 'Timing of Investments, Hold-up and Total Welfare', International Journal of Industrial Organization, vol.22:3, pp. 413-425 Link

Smirnov V and Wait A 2004 'Industry Sunk Costs and Entry Dynamics', Economics Bulletin, vol.12:4, pp. 1-7 Link

Seminar Paper/s

Wait A and Meagher K 2004 'Decision making within organisations, Summer Workshop in Industrial Organization, University of Auckland, New Zealand February 2004

2003

Journal Article/s

Wait A, Menezes F and Pitchford R 2003 'Tendering and Bidding for Access: A Regulator's Guide to Auctions', Australian Journal of Management, vol.28:3, pp. 345-370 Link

2002

Conference Paper/s

Wait A 2002 'Contracts II, European Association for Research in Industrial Economics Annual Conference 2002, Madrid, Spain, 18th September 2002

Conference Proceeding/s

Wait A and Smirnov V 2002 'Industry sunk costs and entry dynamics', Proceedings of the Econometric Society Australasian Meeting, Brisbane, QLD, Australia, 10th July 2002

Smirnov V and Wait A 2002 'Hold-up and sequential specific investments', Latin American Econometric Society Meetings, Sao Paulo, Brazil, 27th July 2002

Seminar Paper/s

Wait A 2002 'Delays in bargaining with incomplete contracts, School of Economics and Finance Seminar, Queensland University of Technology, Australia 2002

Wait A 2002 'Hold-up and sequential specific investments, School of Economics Seminar UNSW, Sydney, NSW, Australia 2002