Integrated Hydro-Economic Modelling: Challenges and Experiences in an Australian Catchment

Marit Kragt and Jeffrey Bennett

Environmental Economics Research Hub Research Reports from Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University

Abstract: Integrated catchment policies are widely used to manage natural resources in Australian catchments. Integration of environmental processes with socio-economic systems is often difficult due to the limitations of decision support tools. To support assessments of the environmental and economic trade-offs of changes in catchment management, fully integrated models are needed. This research demonstrates a Bayesian Network (BN) approach to integrating environmental modelling with economic valuation. The model incorporates hydrological, ecological and economic models for the George catchment in Tasmania. Choice experiments were used to elicit information about the non-market costs and benefits of environmental changes. This allows the efficiency of alternative management scenarios to be assessed.

Keywords: Hydro-economic modelling; Integrated catchment modelling; Ecological modelling; Valuation; Bayesian networks; Water quality (search for similar items in EconPapers)
Date: 2009-02
New Economics Papers: this item is included in nep-dcm and nep-env
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Citations: View citations in EconPapers (1)

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Working Paper: Integrated Hydro-Economic Modelling: Challenges and Experiences in an Australian Catchment (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:een:eenhrr:0915

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