The River Murray and the Coorong in Australia have been in a state of decline. With the prospect of extended droughts and shifts in inflows due to climate change, difficult choices loom. The options include halting the decline, triage of some assets along the River or staying with the declining...

Despite the focus by stakeholders, the States and the Murray-Darling Basin Authority on exploring the economic costs and benefits of the proposed Murray-Darling Basin Plan, there are a number of issues relevant to an economic evaluation of the Plan that are easily overlooked. While a proposed...