This article explores the issue of nonpoint pollution credit production in the context of water quality in rivers and streams. Such trading depends on emission reduction cost differential between point source polluters, such as publicly owned treatment plants and industrial sources, and nonpoint...

This study examined the use of Individual Transferable Quotas (ITQs) to effectively manage fishing impacts on all ecosystem components, as required under Ecosystem Based Fisheries Management (EBFM) principles. A consequence of changing from input controls to output-based (catch) management is...

In arid counties, such as Australia, the storage and extractive use of water is causing significant environmental damage and traditional economic objectives of efficiency and maximising financial returns from surface water resources are often at conflict the long-term sustainability of riverine...

Formal water markets in Australia began as uniform price open call markets. As water markets in Australia continue to expand and mature, water managers are introducing double auction water markets, believing that such markets will produce more efficient outcomes. It is therefore timely and...

"There has been extensive debate in the experimental economics literature as to the validity of extending the results of student experiments to more complex real world settings, characterised by the economic behaviour of diverse participants. This paper uses an experimental design that formally...

Australia is currently developing a carbon emissions trading program. The Garnaut report recommendations include options for the allocation of carbon credits, trading schemes, banking and borrowing, and self reporting mechanisms. This paper reports the results of a series of economic experiments...