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...

Community capacity is essential for the design, development and implementation ofMBIs, therefore it is important to be able to measure and monitor it over time. Community MBIscapacity audit is a means to identifying, developing and harnessing a community’s capacity tostrengthen and develop...

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...