Robust Reform: Implementing robust institutional arrangements to achieve efficient water use in Australia

Michael Young and Jim McColl ()
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Jim McColl: Policy and Economics Research Unit,CSIRO Land and Water

Natural Resource Management Economics from Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia

Abstract: The focus of this report is on implementing institutional arrangements for the efficient allocation and management of water. Water is an input into human use including economic production and recreation activities that generate many externalities. It also provides many valuable ecosystem services only partially captured in the market. Institutional arrangements are required that are dynamically efficient and low cost, and robust enough to withstand the test of time. Robust administrative arrangements are characterised by the lack of a need for change.

Keywords: water reform; institutional; trading; Australia (search for similar items in EconPapers)
JEL-codes: Q0 Q1 Q3 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2003-11
New Economics Papers: this item is included in nep-env
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Citations: View citations in EconPapers (11)

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