000025369 001__ 25369
000025369 005__ 20180122202956.0
000025369 037__ $$a1004-2016-78914
000025369 041__ $$aen
000025369 084__ $$aQ25
000025369 084__ $$aQ28
000025369 084__ $$aC90
000025369 245__ $$aExperimental Economics and Water Policy
000025369 260__ $$c2006
000025369 269__ $$a2006
000025369 270__ $$mc.duke@ucl.ac.uk$$pDuke,   Charlotte
000025369 300__ $$a34
000025369 336__ $$aConference Paper/ Presentation
000025369 446__ $$aEnglish
000025369 490__ $$aPlenary Paper
000025369 520__ $$aExperiments in economics and their application to policy design continue to gain increasing popular appeal. Australia is investing in training, capacity building and international partnerships to bring these skills to our policy makers. Economic experiments are used to test policy-related hypotheses: to examine the behavioural processes upon which the policy is built, identify policy bugs, confirm incentive mechanism performance, investigate new decision processes, and illustrate economic allocation systems to stakeholders. Experiments provide a new source of information to improve policy design. 
This paper explores a set of experiments conducted for the National Action Plan for Salinity and Water Quality Market Based Instruments Pilots Program. The experiments test bed water and salt markets. The pilot region is the Sunraysia in northern Victoria, Australia. The paper looks at, -How economic experiments can answer policy questions important for field implementation, using the questions posed by stakeholders in Sunraysia.
-How economic experiments complement economic theory, using examples from the salinity and water allocation problem in Sunraysia.
-Provide examples of other water policy experiments. These experiments address water allocation questions important to Australia. 
The objective of the paper is to reveal both the strengths and limits of economic experiments for policy. The paper is based on my experiences using experiments for policy design in the role of a research economist for government and as a PhD researcher at University.
000025369 650__ $$aResource /Energy Economics and Policy
000025369 6531_ $$aPolicy Experiments
000025369 6531_ $$aMarket mechanisms for the environment
000025369 6531_ $$aWater
000025369 700__ $$aDuke, Charlotte
000025369 8564_ $$s198619$$uhttp://ageconsearch.umn.edu/record/25369/files/pl06du01.pdf
000025369 887__ $$ahttp://purl.umn.edu/25369
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  Previous issue date: 2006
000025369 982__ $$gInternational Association of Agricultural Economists>2006 Annual Meeting, August 12-18, 2006, Queensland, Australia
000025369 980__ $$a1004