This paper provides an economic framework within which to consider the effectiveness and limitations of auction markets. The paper looks at the use of auctions as a policy instrument and the effects of auction design on consumer interests, the efficient allocation of resources, and industry...

Carbon dioxide emissions resulting from direct human activities, primarily fossil fuel use and land clearing, have altered the global carbon cycle. Carbon is absorbed (sequestered) by plant matter during photosynthesis, so that approximately 50% of the dry weight of a forest’s biomass is...

This paper analyses electricity generation in four Australian states and the Northern Territory in the late 1990s It finds that productivity growth estimates for electricity generators can change significantly when allowance is made for greenhouse gas emissions. Using an innovative analytical...

Examines how technological change has affected the demand for skilled workers. Over the past twenty years, there has been a shift toward employment of skilled workers in Australia, as well as in many other industrialised economies. While it has sometimes been argued that the trend toward skilled...

This paper uses workplace-level data from the Australian Workplace Industrial Relations Survey to examine the extent to which the use of training and/or innovation by a workplace increases the likelihood that is has higher labour productivity than its competitiors, and experiences high labour...

This paper compares the role of technological change with that of trade in explaining the increased demand for skilled workers. The paper shows technology has played the dominant role in changing employment patterns in Australia. The finding is consistent across industries, including those...