Water Markets and Scarcity: Australia’s Murray Darling Basin and the US Southwest

Australia’s Murray-Darling Basin and south western United States share: (1) climate variability resulting in the need for large water storage investment; (2) the need for internal and cross-border (state) water management; (3) an historical over-allocation of water to irrigators; and (4) increasing competition between agricultural and urban demand and in situ environmental and recreational uses. The ability of water markets in these two regions to mitigate water scarcity is compared in this report. The evaluation suggests that on-going water market reform, along with processes to account for the public interest, can promote equity, environmental sustainability and economic efficiency.


Issue Date:
Dec 02 2009
Publication Type:
Report
DOI and Other Identifiers:
ISSN 1835-9728 (Other)
PURL Identifier:
http://purl.umn.edu/94943
Total Pages:
39
Series Statement:
Environmental Economics Research Hub Research Reports
47




 Record created 2017-04-01, last modified 2017-08-25

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