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

Darla Hatton MacDonald () and Sebastien Lamontagne
Additional contact information
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
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.luwrr.com/contents.html (application/postscript)
none

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:csi:report:04_005

Access Statistics for this paper

More papers in Natural Resource Management Economics from Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia Policy & Economic Research Unit, CSIRO Land and Water, PMB2, Glen Osmond, South Australia 5064. Contact information at EDIRC.
Bibliographic data for series maintained by Marcia Sanderson ().