@article{Chambers:47613,
      recid = {47613},
      author = {Chambers, Adam and Trengove, Graham},
      title = {The Implications of Information Asymmetry for the  Achievement of Australia's National Water Objectives},
      address = {2009},
      number = {420-2016-26691},
      pages = {15},
      year = {2009},
      abstract = {On 29th April 2008, Senator Penny Wong outlined details of  Water for the Future; the Rudd Government’s $12.9 billion  plan to secure the long term water supply of all  Australians. Funding under Water for the Future will be  used to support significant water reform across the  country. In order to formulate strategies to achieve the  objectives of the Plan, decision makers will require  information related to the relative profitability of  different irrigation activities, such as production costs  and returns, as well as the potential irrigator response to  and impacts of reductions in water availability or changes  to water policy more generally. The aim of this paper is to  highlight the potential for unexpected outcomes to arise  from policies which are formulated in a world of  information asymmetry. The heterogeneity of irrigation  sectors and indeed individual irrigators within these  sectors mean that actual impacts or responses will vary  significantly between sectors/individuals. Hence while  governments may try to predict the potential  consequences/impacts of changes to water policy, the  resulting outcomes may be far from what was intended.},
      url = {http://ageconsearch.umn.edu/record/47613},
      doi = {https://doi.org/10.22004/ag.econ.47613},
}