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People are part of a complex natural system and have the ability to actively interfere with their environment. Collective decisions made by governments represent social rules that limit the extent of people's interference with the environment that support them. Environmental decisions made by...
Persistent link: https://www.econbiz.de/10008853492
Questions relating to the allocation and management of risk have played a central role in the development of the National Water Initiative, particularly as it has applied to the Murray- Darling Basin. The central issues of efficiency and equity in allocations are best understood by considering...
Persistent link: https://www.econbiz.de/10010880590
The Murray-Darling Basin comprises over 1 million km2; it lies within four states and one territory; and over 12, 800 GL of irrigation water is used to produce over 40% of the nation's gross value of agricultural production. This production is used by a diverse collection of some-times mutually...
Persistent link: https://www.econbiz.de/10010920123
Human activity has modified the environment at all scales from the smallest ecosystems to the global climate systems. In the analysis of the Murray-Darling Basin, it is necessary to take account of effects of human activity ranging from local changes in water tables and soil structure through...
Persistent link: https://www.econbiz.de/10005468653
The fundamental assumption of the contingent valuation method (CYM) is that responses to CY questionnaires may be interpreted as expressions of consumer preferences. The consumer preference interpretation has been challenged in recent papers arguing that willingness to pay for wildlife...
Persistent link: https://www.econbiz.de/10005805669
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A modelling framework is developed to determine the joint economic and environmental net benefits of alternative land allocation strategies. Estimates of community preferences for preservation of natural land, derived from a choice modelling study, are used as input to a model of agricultural...
Persistent link: https://www.econbiz.de/10009398648
The supply of water for irrigation is subject to climatic and policy uncertainty. The object of the present paper is to show how the linear and non-linear programming models commonly used in modelling problems such as those arising in the Murray–Darling Basin may be adapted to incorporate a...
Persistent link: https://www.econbiz.de/10009398683