There is pressure in Australia for water management reform to ensure an efficient allocation of resources between productive uses and to provide adequate conservation of the environment. The establishment of water markets and trade has been seen as the primary mechanism for improving the...

Many irrigation areas are facing the problems of aging infrastructure and a declining revenue base from which to fund maintenance and repair activities. The push toward full cost recovery for storage and delivery services arising from water reform policies means that some supply utilities will...

Problems in natural resource management arise when markets do not work effectively to resolve the inefficiencies associated with the way resource access rights are currently specified. In most cases, this can be linked to incomplete markets. In order to assess potential management options it is...

Uncertainty has long been recognised as an important aspect of renewable resource assessment and management. Stochastic optimal control provides a framework in which to incorporate uncertainty, whether arising from fluctuations in the biological or economic environment or from lack of a precise...

Australian governments have agreed to develop and implement policies to promote more efficient use of water resources and improved water quality. Policy objectives may include incentives for investment in efficient irrigation technologies. However, the presence of large, sunk investment and the...