auction

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First auction, first success?

Missed Australia’s first emission reductions auction? Unsure of what it means? Kim Liu looks at the price and quantity outcomes of our leading climate policy program.

Going, going, gone!

Through our life as an economics major in undergraduate school, for three years we are repeatedly bombarded with consumer and producer theory, game theory, and general equilibrium theory. It is not until we are very familiar with these different topics, do we then come across what is, in my opinion, one of the most interesting topics in microeconomics. Auction theory and mechanism design.

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