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Moving from Piecemeal Accounting to a Pragmatic Economic Approach to Water Pricing in Australia

Darla Hatton MacDonald () and Sebastien Lamontagne
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Darla Hatton MacDonald: 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: It is often said that water is under-priced and that if the full cost of water were charged, water use would be more sustainable. Moving from a statement to actual practice requires a shift in thinking about the fundamental economics. Australia has embarked on a process of economic reform and part of the reform package in the water sector has required States within Australia to report on progress towards full cost pricing, including the set of costs and in some circumstances, benefits, through changes to the environment.

Keywords: water; full cost; economics; externalities; Murray-Darling Basin (search for similar items in EconPapers)
JEL-codes: Q0 Q1 Q2 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2004-03
New Economics Papers: this item is included in nep-acc, nep-agr and nep-mic
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