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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(1), March.
  • Handle: RePEc:ags:aareaj:117382
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    File URL: http://purl.umn.edu/117382
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    References listed on IDEAS

    as
    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.
    3. Ian D. Hodge, 1982. "Rights To Cleared Land And The Control Of Dryland‐Seepage Salinity," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 26(3), pages 185-201, December.
    4. Howarth, Richard B., 1991. "Intergenerational competitive equilibria under technological uncertainty and an exhaustible resource constraint," Journal of Environmental Economics and Management, Elsevier, vol. 21(3), pages 225-243, November.
    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.
    6. Chambers,Robert G. & Quiggin,John, 2000. "Uncertainty, Production, Choice, and Agency," Cambridge Books, Cambridge University Press, number 9780521622448, Fall.
    7. Richard B. Howarth & Richard B. Norgaard, 1990. "Intergenerational Resource Rights, Efficiency, and Social Optimality," Land Economics, University of Wisconsin Press, vol. 66(1), pages 1-11.
    8. E B Barbier & A Markandya & D W Pearce, 1990. "Environmental sustainability and cost - benefit analysis," Environment and Planning A, Pion Ltd, London, vol. 22(9), pages 1259-1266, September.
    9. John Quiggin, 2012. "The Economics of New Media," Australian Public Policy Program Working Papers WPP12_1, Risk and Sustainable Management Group, University of Queensland.
    10. 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.
    11. Crase, Lin & O'Reilly, Leo & Dollery, Brian, 2000. "Water markets as a vehicle for water reform: the case of New South Wales," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(2), June.
    12. John Quiggin, 1988. "Murray River Salinity—An Illustrative Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(3), pages 635-645.
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