@article{Morrison:122899,
      recid = {122899},
      author = {Morrison, Mark and Wheeler, Sarah Ann and Hatton  MacDonald, Darla},
      title = {Towards a more nuanced discussion of the net-benefits of  sharing water in the Murray-Darling Basin},
      journal = {AFBM Journal},
      address = {2012-04},
      number = {1672-2016-136552},
      pages = {12},
      year = {2012},
      abstract = {Despite the focus by stakeholders, the States and the  Murray-Darling Basin Authority on exploring the economic  costs and benefits of the proposed Murray-Darling Basin  Plan, there are a number of issues relevant to an economic  evaluation of the Plan that are easily overlooked. While a  proposed Murray-Darling Basin plan has been released, water  sharing agreements will continue to evolve and much detail  remains to be worked out as part of implementation at the  state level. Given this, we seek to synthesise current  research on the costs and benefits of the Murray-Darling  Basin plan. In doing so we discuss eight issues relevant to  understanding the net-benefits of water reforms that,  though recognised in the literature and policy debates,  have become somewhat peripheral despite their potential  importance. The first two issues are related to the  potential social costs associated with reduced viability of  communities and ongoing viability issues for farms. The  next three issues are focused on benefits from the proposed  Plan. This includes the estimation of benefits for  downstream beneficiaries, the opportunity provided to  farmers from selling water and the benefits associated with  reductions in system risk due to non-incremental changes in  ecosystems. The remaining three issues relate to approaches  for maximising the benefits associated with the water  reform process. This includes the evaluation of a wider  range of options, consideration of how to better use water  markets to assist farmers to manage risk, and evaluating  not only how much water is needed but how it can be more  effectively managed.},
      url = {http://ageconsearch.umn.edu/record/122899},
      doi = {https://doi.org/10.22004/ag.econ.122899},
}