IDEAS home Printed from https://ideas.repec.org/p/ags/uqsers/149862.html
   My bibliography  Save this paper

The Metagovernance of Markets: The Politics of Water Management in Australia

Author

Listed:
  • Bell, Stephen
  • Quiggin, John

Abstract

Australia is the world's driest continent and the intensity of conflict over water and water management has been increasing , especially in rural areas. By focussing on the recent federalist compact, National Wa ter Initiative (NWI), we explore the use of market and property rights instruments in water governance in Australia . The question we explore is does the use of such market-based governance instruments imply a reduced role for the state, as new instruments displace previous top down or regulatory modes of governance? It is true that progress has been made in establishing a new property rights and market regime for water and that the operation of such markets has improved the technical efficiency of water usage. However, this paper challenges the view that the new market-based system of governance can be self-managing and thus obviate the need for substantial government involvement. In other words, we argue that the market regime requires substantial 'metagovernance'

Suggested Citation

  • Bell, Stephen & Quiggin, John, 2006. "The Metagovernance of Markets: The Politics of Water Management in Australia," Risk and Sustainable Management Group Working Papers 149862, University of Queensland, School of Economics.
    • Handle: RePEc:ags:uqsers:149862
    DOI: 10.22004/ag.econ.149862
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/149862/files/WPM06_6.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.149862?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Easter, K William & Rosegrant, Mark W & Dinar, Ariel, 1999. "Formal and Informal Markets for Water: Institutions, Performance, and Constraints," The World Bank Research Observer, World Bank, vol. 14(1), pages 99-116, February.
    2. Alan Randall, 1981. "Property Entitlements And Pricing Policies For A Maturing Water Economy," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 25(3), pages 195-220, December.
    3. Mike Young & Darla Hatton MacDonald, 2000. "Interstate Water Trading: a 2-year Review," Natural Resource Management Economics 00_001, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    4. Robert Brooks & Edwyna Harris, 2005. "An Analysis of Watermove Water Markets," Monash Econometrics and Business Statistics Working Papers 10/05, Monash University, Department of Econometrics and Business Statistics.
    5. Quiggin, John C., 2001. "Environmental economics and the Murray-Darling river system," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(1), pages 1-28.
    6. J. Hirshleifer, 1975. "Speculation and Equilibrium: Information, Risk, and Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 89(4), pages 519-542.
    7. Randall, Alan, 1981. "Property Entitlements And Pricing Policies For A Maturing Water Economy," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(3), pages 1-26, December.
    8. William M. Dugger, 1996. "The Mechanisms of Governance," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(4), pages 1212-1216, December.
    9. Andrew Jordan & Rüdiger K. W. Wurzel & Anthony Zito, 2005. "The Rise of 'New' Policy Instruments in Comparative Perspective: Has Governance Eclipsed Government?," Political Studies, Political Studies Association, vol. 53, pages 477-496, October.
    10. Andrew Jordan & Rüdiger K. W. Wurzel & Anthony Zito, 2005. "The Rise of ‘New’ Policy Instruments in Comparative Perspective: Has Governance Eclipsed Government?," Political Studies, Political Studies Association, vol. 53(3), pages 477-496, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sarah Challe & Stamatios Christopoulos & Michael Kull & Louis Meuleman, 2018. "Steering the Poverty†Environment Nexus in Central Asia: A metagovernance analysis of the Poverty†Environment Initiative (PEI)," Development Policy Review, Overseas Development Institute, vol. 36(4), pages 409-431, July.
    2. Alberto Peralta & Luis Rubalcaba, 2021. "A Metagovernance Model of Innovation Networks in the Health and Social Services Using a Neo-Schumpeterian Framework," IJERPH, MDPI, vol. 18(11), pages 1-23, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ancev, Tiho, 2015. "The role of the commonwealth environmental water holder in annual water allocation markets," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 59(1), January.
    2. Alauddin, Mohammad & Quiggin, John, 2008. "Agricultural intensification, irrigation and the environment in South Asia: Issues and policy options," Ecological Economics, Elsevier, vol. 65(1), pages 111-124, March.
    3. John Quiggin, 2006. "Repurchase of renewal rights: a policy option for the National Water Initiative ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(3), pages 425-435, September.
    4. Lisa Yu-Ting Lee & Tihomir Ancev, 2009. "Two Decades of Murray-Darling Water Management: A River of Funding, a Trickle of Achievement," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 16(1), pages 5-24.
    5. Fleming, Euan & Villano, Renato & Williamson, Brendon, 2013. "Structuring Exotic Options Contracts on Water to Improve the Efficiency of Resource Allocation in the Australian Water Market," Papers 234295, University of Melbourne, Melbourne School of Land and Environment.
    6. Carlos Mario Gómez Gómez & C. D. Pérez-Blanco & David Adamson & Adam Loch, 2018. "Managing Water Scarcity at a River Basin Scale with Economic Instruments," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 4(01), pages 1-31, January.
    7. John Quiggin & David Adamson & Sarah Chambers & Peggy Schrobback, 2010. "Climate Change, Uncertainty, and Adaptation: The Case of Irrigated Agriculture in the Murray–Darling Basin in Australia," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 58(4), pages 531-554, December.
    8. Freebairn, John W., 2003. "Economic policy for rural and regional Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(3), pages 1-26, September.
    9. Mallawaarachchi, Thilak & Auricht, Christopher & Loch, Adam & Adamson, David & Quiggin, John, 2020. "Water allocation in Australia’s Murray–Darling Basin: Managing change under heightened uncertainty," Economic Analysis and Policy, Elsevier, vol. 66(C), pages 345-369.
    10. Zuo, Alec & Wheeler, Sarah Ann & Xu, Ying, 2022. "Expanders, diversifiers or downsizers? Identifying clusters of irrigators’ water trade and farm management strategies in Australia," Agricultural Water Management, Elsevier, vol. 264(C).
    11. Danielsson, Erna & Nyhlén, Jon & Olausson, Pär M., 2020. "Strategic planning for power shortages," Energy Policy, Elsevier, vol. 137(C).
    12. Bolinches, Antonio & Blanco-Gutiérrez, Irene & Zubelzu, Sergio & Esteve, Paloma & Gómez-Ramos, Almudena, 2022. "A method for the prioritization of water reuse projects in agriculture irrigation," Agricultural Water Management, Elsevier, vol. 263(C).
    13. Irene Bernhard & Elin Wihlborg, 2011. "Trust in Safe Public e-services. Communicating Safety in Policies and Use," ERSA conference papers ersa10p1421, European Regional Science Association.
    14. Andy Gouldson & Rory Sullivan, 2014. "Understanding the Governance of Corporations: An Examination of the Factors Shaping UK Supermarket Strategies on Climate Change," Environment and Planning A, , vol. 46(12), pages 2972-2990, December.
    15. Lindsay C. Stringer & Mark S. Reed & Andrew J. Dougill & Mary K. Seely & Martin Rokitzki, 2007. "Implementing the UNCCD: Participatory challenges," Natural Resources Forum, Blackwell Publishing, vol. 31(3), pages 198-211, August.
    16. Jeroen Heijden, 2014. "Experimentation in policy design: insights from the building sector," Policy Sciences, Springer;Society of Policy Sciences, vol. 47(3), pages 249-266, September.
    17. Carlos Gómez & C. Pérez-Blanco, 2014. "Simple Myths and Basic Maths About Greening Irrigation," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 28(12), pages 4035-4044, September.
    18. M Ejaz Qureshi & Tian Shi & Sumaira Qureshi & Wendy Proctor & Mac Kirby, 2009. "Removing Barriers to Facilitate Efficient Water Markets in the Murray Darling Basin – A Case Study from Australia," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-02, CSIRO Sustainable Ecosystems.
    19. Niedziałkowski, Krzysztof & Shkaruba, Anton, 2018. "Governance and legitimacy of the Forest Stewardship Council certification in the national contexts – A comparative study of Belarus and Poland," Forest Policy and Economics, Elsevier, vol. 97(C), pages 180-188.
    20. André Torre, 2014. "Proximity relations at the heart of territorial development processes: from clusters, spatial conflicts and temporary geographical proximity to territorial governance," Chapters, in: André Torre & Frédéric Wallet (ed.), Regional Development and Proximity Relations, chapter 2, pages 94-134, Edward Elgar Publishing.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uqsers:149862. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/decuqau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.