Bid prices for the demand and supply of water allocations between 2001 and 2007, and average monthly prices paid for water allocations from 1997 to 2007 in the Goulburn– Murray Irrigation District are analysed to estimate price elasticities. Based on bid prices, the price elasticity of demand...

This article applies a model of innovation to analyze the characteristics of irrigators within the Goulburn-Murray Irrigation District in Australia and examines the efficiency of the early water market in the late 1990s. Using multinominal and binary logit analyses we identify the factors...

Bid prices for the demand and supply of water allocations between 2001 and 2007, and average monthly prices paid for water allocations from 1997 to 2007 in the Goulburn-Murray Irrigation District are analysed to estimate price elasticities. Based on bid prices, the price elasticity of demand for...

This paper examines the changing profile of water traders (both allocation and entitlement traders) in the Goulburn-Murray Irrigation District in Australia, and examines the efficiency of the water allocation and entitlement markets from 1998-99 to 2003-06. The results suggest that the profile...