Discounting and policy options for sustainable management of the Murray-Darling River System
AbstractManagement of the Murray-Darling river system involves a large number of users with imprecisely defined rights, and an aggregate rate of resource use that is environmentally unsustainable. One possible policy response is to make formal or informal contracts with users, under which users receive current benefits in return for a commitment to forgo usage rights in future. In this paper, this issue is explored with specific reference to the possibility of repurchasing the renewal rights for irrigation licenses.
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Bibliographic InfoPaper provided by Risk and Sustainable Management Group, University of Queensland in its series Murray-Darling Program Working Papers with number WPM04_1.
Date of creation: Jan 2004
Date of revision: Jan 2003
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Discounting; property rights; Murray-Darling;
Other versions of this item:
- Quiggin, John, 2004. "Discounting and policy options for sustainable management of the Murray-Darling River System," Risk and Sustainable Management Group Working Papers 149837, University of Queensland, School of Economics.
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-05-14 (All new papers)
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