auction - Economics Students Society of Australia

auction

A collection of 3 posts

First auction, first success?

First auction, first success?

Last Thursday concluded the first auction of the government’s Emissions Reduction Fund (ERF), the centrepiece of their Direct Action climate policy. It awarded 144 projects from 43 participants to deliver 47 million tonnes of carbon-equivalent abatement over a ten-year period at an average price of $13.95 (Clean Energy

Portrait of a paradox

Portrait of a paradox

On a recent trip to New York, a friend and I sought refuge from a bitter January snowstorm inside the white walls and clean lines of the Museum of Modern Art, nestled between Fifth and Sixth avenues in Midtown Manhattan. All five main floors were filled by people with the

Going, going, gone!

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,