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Dr Aaron Nicholas



Senior Lecturer


Faculty of Business and Law


BL 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

  • MPE711 - Global Trade and Markets

Research groups

  • Centre for Economic and Policy Analysis (Deakin University)
  • Centre for the Economics of Education and Training (Monash University - research associate)


  • Pro Vice-Chancellor's Research Rocket Award, Deakin University, 2012.


  • Fairness and Information in Market Equilibrium
  • Fairness versus Efficiency in light of Power Disparity: the role of Voluntariness
  • More Sense or More Sensibility? Children and Chess in Bangladesh


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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, pp. 1-18, Journal of development economics, Amsterdam, The Netherlands, C1

journal article

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

M Levati, A Nicholas, B Rai

(2014), Vol. 67, pp. 197-209, European Economic Review, 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, 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, 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, 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, C1

journal article

Therapeutic equivalence and the generic competition paradox

M Nabin, V Mohan, A Nicholas, P Sgro

(2012), Vol. 12, B.E. Journal of Economic Analysis and Policy, 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, 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, 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

  • 2020: $26,000


Associate Supervisor

Surjasama Lahiri

Thesis entitled: Three essays on spatial competition

Doctor of Philosophy, Department of Economics