Water markets in Australia’s Murray-Darling Basin and the western US are compared in terms of their ability to mitigate water scarcity. The two regions share: (1) climate variability that requires large investment in water storages; (2) the need for internal and cross-border (state) water...

This paper responds to the challenge of how and when to adapt marine capture fisheries to climate change by: (1) providing a set of fisheries policy options to climate change; (2) developing a risk and vulnerability assessment and management decision-making framework for adaptation; and (3)...

A stochastic bio-economic model is constructed to analyse the effects of marine reserve ‘switching’ between a ‘no take’ area and a harvested area. The model accounts for both market and non-market values of the fishery. Estimated parameters from the red throat emperor fishery from the...

The northern cod fishery was once one of the world’s largest capture fisheries. Using data from the fishery, this research calculated the economic value of a marine reserve using a stochastic optimal control model with a jump-diffusion process. The analysis shows that, an optimal-sized marine...

An important category of conservation benefits are non-use (or passive) values that are time-consuming and costly to quantify using direct surveys. In the absence of estimates of these values, there will likely be an underinvestment in conservation actions that generate substantial non-use...

Survey data from 10 OECD countries are used to model household water demand. Statistically significant results include: (1) an inelastic average price response is estimated for every country; (2) households not charged volumetrically consume more water than households that are; (3) household...

There are two aims of this work focused across northern Australia (north of the tropic of Capricorn). First is to identify adaptive strategies to deal with climate change in each jurisdiction. Second the work identifies issues for adaptation in water resource management across the region in...

The aim of this work is to understand what incentives exist to encourage integration in land and water management across northern Australia. Integration is seen as important in improving planning and management of resources in the context of climate change and development pressure. The north...