Profile image of Aaron Nicholas

Dr Aaron Nicholas



Senior Lecturer


Faculty of Business and Law


Deakin Business School


Melbourne Burwood Campus


Graduate Certificate of Higher Education, Deakin University, 2013
Doctor of Philosophy, Monash University, 2011
Bachelor of Economics, University of Tasmania, 2006


Dr Aaron Nicholas is a Senior Lecturer in the Department of Economics in Deakin Business School. Aaron is a behavioural and experimental economist. He is specifically interested in how the ‘rules of the market’ (e.g. competition, prices, profit-seeking) and the ‘rules of the family’ (e.g. altruism, reciprocal exchange, fairness) interact, and is broadly interested in issues of how to measure and define unobservable within the revealed preference paradigm. He has also worked in the areas of poverty measurement, and the economics of education.

Read more on Aaron's profile

Research interests

  • Markets and Morality
  • Social Preferences
  • Experimental Economics
  • Measurement and Revealed Preference


  • Member, Economic Science Association.
  • Associate, Behavioural Business Laboratory, RMIT.

Teaching interests

  • Behavioural, Political and Development Economics
  • Applied Microeconomics

Units taught

  • MAE101 - Economic Principles
  • MAE307 - Economic Policy and Practice
  • MPE781 - Economics for Managers


  • Excellence in Teaching (2018, 2019, 2020)
  • Pro Vice-Chancellor's Research Rocket Award, Deakin University, 2012.


  • Fairness and Information in Market Equilibrium
  • Efficienct Power Disparities: the role of Consent
  • Altruism in Exchange


Filter by


Bargaining with own-preference uncertainty: An experiment

R Bar, A Nicholas

(2024), Vol. 162, pp. 1-21, European Economic Review, Amsterdam, The Netherlands, C1

journal article

Chronic poverty measures

A Nicholas, R Ray

(2023), pp. 181-191, Research Handbook on Measuring Poverty and Deprivation, Cheltenham, Eng., B1

book chapter

Invisible Hand, invisible morals: An experiment

A Nicholas

(2022), Vol. 197, pp. 395-418, Journal of Economic Behavior and Organization, Amsterdam, The Netherlands, C1

journal article

The Effects of Chess Instruction on Academic and Non-cognitive outcomes: Field Experimental Evidence from a developing country

A Islam, W Lee, A Nicholas

(2021), Vol. 150, Journal of Development Economics, C1

journal article

University Output Measures in the Australian National Accounts: experimental estimates, 2008-2017

Aaron Nicholas, Jason Annabel, Qinghuan Luo

(2020), Canberra, A.C.T., A6

research report/technical paper

Differentiating between dimensionality and duration in multidimensional measures of poverty: methodology with an application to China

A Nicholas, R Ray, K Sinha

(2019), Vol. 65, pp. 48-74, Review of income and wealth, Chichester, Eng., C1

journal article

Testing the single-peakedness of other-regarding preferences

V Levati, A Nicholas, B Rai

(2014), Vol. 67, pp. 197-209, European economic review, Amsterdam, The Netherlands, C1

journal article

Incentives for relocating to regional Australia: estimates using a choice experiment

A Nicholas, C Shah

(2014), Adelaide, S. A., A6

research report/technical paper

Tournament outcomes and prosocial behaviour

M Kidd, A Nicholas, B Rai

(2013), Vol. 39, pp. 387-401, Journal of economic psychology, Amsterdam, The Netherlands, C1

journal article

A primer on mathematical modelling in economics

B Rai, C So, A Nicholas

(2012), Vol. 26, pp. 594-615, Journal of economic surveys, Oxford, England, C1-1

journal article

Fairness as a constraint on reciprocity : playing simultaneously as dictator and trustee

A Nicholas

(2012), Vol. 41, pp. 211-221, Journal of socio-economics, Amsterdam, Netherlands, C1

journal article

Duration and persistence in multidimensional deprivation : methodology and Australian application

A Nicholas, R Ray

(2012), Vol. 88, pp. 106-126, Economic record, Richmond, Vic., C1

journal article

Therapeutic equivalence and the generic competition paradox

M Nabin, V Mohan, A Nicholas, P Sgro

(2012), Vol. 12, pp. 1-26, B.E. journal of economic analysis and policy, Berlin, Germany, C1

journal article

Evaluating the distributional implications of price movements : methodology, application and Australian evidence

A Nicholas, R Ray, M Valenzuela

(2010), Vol. 86, pp. 352-366, Economic record, Richmond, Vic., C1-1

journal article

Demographic demand systems with application to equivalence scales estimation and inequality analysis : the Australian evidence

P Blacklow, A Nicholas, R Ray

(2010), Vol. 49, pp. 161-179, Australian economic papers, Carlton, Vic., C1-1

journal article

Funded Projects at Deakin

Australian Competitive Grants

Willingness to move: measuring the monetary value of causes of geographical immobility for VET graduates' project, in Research Program: The role of training in social inclusion: geographic ....

Dr Chandra Shah, Dr Aaron Nicholas

NCVER Grant - Research - National Centre for Vocational Education Research

  • 2012: $54,150

Other Public Sector Funding

Non-market volume estimates of the university education sector.

Dr Aaron Nicholas

Australian Bureau of Statistics

  • 2020: $26,000

Industry and Other Funding

The Role of Social Capital in Improving Disaster Resilience in Australia

Prof Mehmet Ulubasoglu, Dr Hemant Pullabhotla, Dr Lan Tong, Dr Aaron Nicholas

Australian Red Cross Society

  • 2024: $111,333



Regev Bar

Thesis entitled: Information, Transparency and Efficiency in Markets

Doctor of Philosophy, Department of Economics

Associate Supervisor

Islam Mohamed Mahmoud Khalil

Thesis entitled: Three Essays on Education and Health Economics

Doctor of Philosophy, Department of Economics


Surjasama Lahiri

Thesis entitled: Three essays on spatial competition

Doctor of Philosophy, Department of Economics