Water markets in the Murray-Darling Basin

R. Quentin Grafton and James Horne

Agricultural Water Management, 2014, vol. 145, issue C, 61-71

Abstract: The paper reviews the history of water markets and recent water reforms in the Murray-Darling Basin (MDB), Australia. A detailed examination of water markets in the MDB is given with a focus on: water charge and trading rules, trade restrictions, gains from trade, water market information, inter-temporal market price responses, and the environmental benefits of trade. Twelve lessons from the development of water markets in the MDB are provided to assist decision-makers interested in establishing or improving water markets in Australia, and beyond.

Keywords: Water markets; Water planning; Water governance; Murray-Darling Basin; MDB Basin Plan; Economics; Environment; Price; Water trade (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:agiwat:v:145:y:2014:i:c:p:61-71

DOI: 10.1016/j.agwat.2013.12.001

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