In Australia, the state water Acts and related legislation determine the broad outline of property rights governing the water entitlements of irrigators and rural towns. Thus, these water rights may be described as state property regimes (Bromley 1991, p. 23). Irrigators, however, operate in a private sector environment where adaptability to climatic and market, forces is necessary for the maintenance of profitability. We critically assess the pricing, reliability and intertemporal characteristics of water rights in the major irrigation districts of Victoria and NSW.
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Paper provided by New South Wales - School of Economics in its series Papers with number
96/6.
Length: 29 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:nesowa:96/6
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Find related papers by JEL classification: Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water K30 - Law and Economics - - Other Substantive Areas of Law - - - General