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Environmental economics and the Murray-Darling river system

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  • Quiggin, John C.

Abstract

Much concern about the negative environmental consequences of agricultural development in Australia, including salinisation, waterlogging and algal blooms, has focused on the problems of the Murray–Darling Basin. The aim of this article is to provide an overview of the environmental problems of the Murray–Darling Basin from an economic perspective, and a selective survey of the relevant economic literature, including theoretical analysis, modelling and contributions to the development of water policy. In attempting to understand the complex problems of the Murray–Darling Basin, an eclectic approach drawing on externality, sustainability and property rights perspectives seems most appropriate.

Suggested Citation

  • 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(01), pages 1-28.
    • Handle: RePEc:ags:aareaj:117382
    DOI: 10.22004/ag.econ.117382
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    References listed on IDEAS

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    1. Quiggin, John & Chambers, Robert G., 2005. "The state-contingent model," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 174788, Australian Agricultural and Resource Economics Society.
    2. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-974, December.
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    5. John C. Quiggin, 1986. "Common Property, Private Property And Regulation The Case Of Dryland Salinity," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 30(2-3), pages 103-117, 08-12.
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    9. 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.
    10. John Quiggin, 2012. "The Economics of New Media," Australian Public Policy Program Working Papers WPP12_1, Risk and Sustainable Management Group, University of Queensland.
    11. P. J. Greig & P. G. Devonshire, 1981. "Tree Removals And Saline Seepage In Victorian Catchments: Some Hydrologic And Economic Results," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 134-148, August.
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