The Australian Parliament has passed legislation compelling tobacco products to be sold in “plain packaging”. This paper reviews this legislation and its likely effects on prices, market structure in the tobacco industry and on smoking behaviour. Industry changes following two previous sets...

The GFC involved the collapse of the largest asset market bubble in history and a massive consequent deleveraging of firms and consumers. This event has highlighted defects of 'capitalism' and suggested an enhanced case for more government control of economies. This view needs refinement. While...

Although capital is often portrayed as being more internationally mobile than labor, the theory of labor migrations typically ignores capital flows. Economic historians provide long-term evidence suggesting close linkages between capital and labor movements for “high†labor...

The Australian Parliament has passed legislation compelling tobacco products to be sold in ?plain packaging?. This paper reviews this legislation and its likely effects on prices, market structure in the tobacco industry and on smoking behaviour. Industry changes following two previous sets of...

This paper asks three questions. First, how do carbon taxes drive economic and environmental outcomes? Second, what is the appropriate economic base on which carbon taxes should be levied? Finally, how well does a carbon tax deliver economic-environmental outcomes compared to a comparable...

An analysis of prospects for deriving self-enforcing, global, greenhouse gas emission mitigation agreements is provided. Policy spillovers and carbon leakages are accounted for. Situations where mitigation effort should be concentrated in particular countries and where efficient outcomes can be...