This working paper addresses the issues: 1) whether there is a simultaneous equations problem when estimating demand for water with multipart rate schedules and, if there is one, what techniques should be used to correct for it; and 2) whether average or marginal price is the relevant measure in...

The staff working paper ‘Stranded Irrigation Assets’ (Roper, H., Sayers, C. and Smith, A) was released on 28 June 2006. Prior to the National Water Initiative (NWI), irrigation authorities imposed restrictions on outward trade of water entitlements partly to protect remaining irrigators...

"A great challenge facing CPR enthusiasts today is understanding the conditions in which CPRs can be successful. Meeting this challenge requires understanding when and why individuals choose to create and maintain CPRs. Research in this domain often focuses on the relationship between individual...

"The common property ocean fishery is often cited as an example of economic inefficiency in production. The usual recommendation is to restrict entry of fishermen so that 'incomes' of those remaining are improved. Such logic would seem to indicate that the economic theory of common property...

"The concept of resilience is widely promoted as a promising notion to guide new approaches to ecosystem and resource management that try to enhance a system's capacity to cope with change. A variety of mechanisms of resilience specific for different systems have been proposed. In the context of...

"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...

"The recent stagnation of productivity growth in the irrigated areas of the Indo-Gangetic Plains of South Asia has led to a quest for resource-conserving technologies that can save water, reduce production costs and improve production. The present synthesis of two detailed country studies...

"To date there has been limited research on integrated water resource management, specifically regarding investments, from a global perspective, largely due to the complexity of the problem and to generally local water management practices. Water demand and supply are very often affected by...

"We explore the efficiency and equity resulting from allocation of a fixed resource within a bargaining institution, using a modification of the Ultimatum Game with asymmetric productivity and a surplus-sharing step that permits us to explore trust. Sharing allows pie division independent of pie...

This article examines the economic impacts of policy alternatives for addressing allocative inefficiencies among agricultural, urban, and environmental uses of federal water. The Central Valley Project Improvement Act, composed of multiple incentive-based and command-and-control policies, forms...