The aim of this article is to present the economics of carbon abatement in an integrated framework with application to key policy questions. While the core ideas are well known, the innovation here is to integrate the marginal costs and benefits of carbon abatement with the market for carbon...

This article evaluates the proposed sale of the tolling rights on Queensland Motorways from an economic welfare perspective. Weighing against the sale are arguments about optimal risk allocation and network externalities. In contrast, there is a productive efficiency case in favour of the sale....