Water Markets and Scarcity: Australia’s Murray Darling Basin and the US Southwest
R. Quentin Grafton (),
Gary D. Libecap and
O’Brien, R.J. (Bob)
No 94943, Research Reports from Australian National University, Environmental Economics Research Hub
Australia’s Murray-Darling Basin and south western United States share: (1) climate variability resulting in the need for large water storage investment; (2) the need for internal and cross-border (state) water management; (3) an historical over-allocation of water to irrigators; and (4) increasing competition between agricultural and urban demand and in situ environmental and recreational uses. The ability of water markets in these two regions to mitigate water scarcity is compared in this report. The evaluation suggests that on-going water market reform, along with processes to account for the public interest, can promote equity, environmental sustainability and economic efficiency.
Keywords: Environmental Economics and Policy; Resource /Energy Economics and Policy (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Working Paper: Water Markets and Scarcity: Australia’s Murray Darling Basin and the US Southwest (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:ags:eerhrr:94943
Access Statistics for this paper
More papers in Research Reports from Australian National University, Environmental Economics Research Hub Contact information at EDIRC.
Series data maintained by AgEcon Search ().