Repurchase of renewal rights: a policy option for the National Water Initiative

John Quiggin

Australian Journal of Agricultural and Resource Economics, 2006, vol. 50, issue 3, 11

Abstract: Management of the Murray–Darling river system involves a large number of users with imprecisely defined rights, and an aggregate rate of resource use that is environmentally unsustainable. One possible policy response is to make formal or informal contracts with users, under which users receive current benefits in return for a commitment to forgo usage rights in future. In this paper, this issue is explored with specific reference to the possibility of repurchasing the renewal rights for irrigation licenses.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (7)

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Journal Article: Repurchase of renewal rights: a policy option for the National Water Initiative * (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aareaj:116969

DOI: 10.22004/ag.econ.116969

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