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Water markets in the Murray-Darling Basin

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Date

2014-11-01

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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.

Description

Keywords

Economics, Environment, MDB Basin Plan, Murray-Darling Basin, Price, Water governance, Water markets, Water planning, Water trade

Citation

URI

https://dspace-test.anu.edu.au/handle/1885/733717419

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DevOps Pure Testing

Source

Agricultural Water Management

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Article

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DOI

10.1016/j.agwat.2013.12.001

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