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2008 Conference (52nd), February 5-8, 2008, Canberra, Australia >
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http://purl.umn.edu/6037
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| Title: | Double trouble: The importance of accounting for and defining water entitlements consistent with hydrological realities (Conference title: Water Trading in the MDBC: How well is the market functioning?) |
| Authors: | Young, Mike
McColl, Jim |
| Authors (Email): | Young, Mike (mike.young@adelaide.edu.au) |
| Keywords: | Interception
water accounting
water rights
water markets
water trading |
| Issue Date: | 2008 |
| Series/Report no.: | Conference Paper |
| Abstract: | When water entitlement and water sharing systems are mis-specified, that is specified in a
manner that lacks hydrological integrity, inefficient investment and water use is the result.
Using Australia's Murray Darling Basin as an example, this paper attempts to reveal the
economic consequences of entitlement mis-specification. Options for specification of
entitlement and allocation systems in a way that has hydrological integrity are presented.
It is reasoned, that if entitlement and allocation system were set up in this manner the
result would be an efficient allocation regime that would autonomously adjust to climatic
shifts, changes in prices and changes in technology whilst maintaining environmental
integrity. |
| URI: | http://purl.umn.edu/6037 |
| Institution/Association: | Australian Agricultural and Resource Economics Society - 2008>2008 Conference (52nd), February 5-8, 2008, Canberra, Australia |
| Total Pages: | 15 |
| Collections: | 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia
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| cp08yo01.pdf | | 111Kb | PDF | View/Open |
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