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Discounting and policy options for sustainable management of the Murray-Darling River System

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  • John Quiggin

    ()
    (Department of Economics, University of Queensland)

Abstract

Management 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 Info

Paper provided by Risk and Sustainable Management Group, University of Queensland in its series Murray-Darling Program Working Papers with number WPM04_1.

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Date of creation: Jan 2004
Date of revision: Jan 2003
Handle: RePEc:rsm:murray:m04_1

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Keywords: Discounting; property rights; Murray-Darling;

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