Sold to the highest bidder

Researchers from the Australian School of Business (ASB) will be at the forefront of designing the auction system for Australia's carbon pollution permits.

Dr Regina Betz, Dr Ben Greiner and Professor Andreas Ortmann, in collaboration with Pitt & Sherry Project Managers and researchers from Germany and the US, will construct and run experiments on the proposed permit auction and make recommendations to government based on their results.

"We are pleased to be able to contribute to this significant element of Australia's carbon pollution reduction scheme which will ultimately result in an effective mechanism for reducing Australia's carbon emissions," said Dr Betz.

The Government plans to issue around 400 million permits in the first year of the scheme (CPRS), and to auction around 75 per cent of those permits. Developing an efficient and effective auction system will be instrumental to the success of the CPRS.

The experiments will be carried out later this month at the newly established Experimental Research Laboratory at the ASB and will involve up to 52 participants in each auction. Participants will be drawn from current business students.

Read the full story at the Australian School of Business newsroom.

Media contact: Marie Kelly, Director, Communications, Australian School of Business | 9385 5895 | 0408 256 381 | mariek@unsw.edu.au