Water markets have been seen as an effective way of addressing water scarcity and allocation issues. In this paper we discuss the role and characteristics of water markets in facilitating efficient water allocation. Administrative, regulatory and/or political barriers to effective functioning of...

We discuss the role and characteristics of water markets in Australia in facilitating efficient water allocation. Administrative, regulatory and/or political barriers to effective functioning of water markets are reviewed with a focus on the southern Murray-Darling Basin (MDB) region of...

The recent drought in south-eastern Australia saw the lowest inflows on record in the Murray–Darling Basin in 2006. As reservoirs were drawn down water availability for irrigation was cut. In 2007–2008 and 2008–2009, irrigators received about one third of their pre-drought allocations....

In the last decade, the Murray–Darling Basin (MDB), Australia faced a severe drought which affected its agriculture production. Sustainable diversion limits as proposed in the Australian Government's basin plan together with climate change are expected to impact on future agriculture...

This article is an economic analysis of reallocating River Murray Basin water from agriculture to the environment with and without the possibility of interregional water trade. Acquiring environmental flows as an equal percentage of water allocations from all irrigation regions in the Basin is...

In the past decade, market based instruments (MBIs) have become more frequently applied for natural resource and environmental management purposes. MBIs comprise a range of instruments used to provide economic incentives/disincentives (e.g. by altering market prices, setting a cap or altering...

Water resource management is a complex process, which requires suitable policy tools that are able to meet objectives of economic efficiency, social equity and environmental sustainability. Meanwhile, irrigation industry has to change its habitual behaviour in managing water when faced with...

As market-based instruments (MBIs) become a buzzword, there is an emerging expectation among policy makers and natural resource managers that MBIs should be more widely adopted. However, without the change of existing ideas and institutions, governments tend to continue to use the default...