In 2012, Australia took the major step of introducing a carbon price, involving the creation of a system of emissions permits initially issued at a fixed price. Carbon Pricing brings together experts instrumental in the development, and operation, of Australia's carbon policy who have played a...

"Traditionally, benefits of common property arrangements arose from complementarity in resource use, which permitted multiple uses for several users. Today, common property resources (CPRs) represent quasi-public goods, featuring increasing rivalry in consumption. As the domain of uses widens...