Historical regulation of Victoria's water sector: A case of government failure?
This paper analyses the role of government failure in Victoria’s water sector between 1905 and 1984 as evidenced in the rise of in-stream salinity. It will be shown that high levels of salinity can, in part, be attributed to regulatory failure for two reasons. First, the method of water allocation, a compulsory minimum charge with the marginal cost of water being zero, encouraged over watering, resulting in increased water tables via groundwater recharge. Second, the government did not provide adequate finance for construction of appropriate removal of saline drainage water, and thereby allowed increasing in-stream salinity.
Volume (Year): 51 (2002)
Issue (Month): 3 (September)
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- Peter Boettke & Christopher Coyne & Peter Leeson & Frederic Sautet, 2005. "The New Comparative Political Economy," The Review of Austrian Economics, Springer, vol. 18(3), pages 281-304, December.
- Ikeda, Sanford, 2003. " How Compatible Are Public Choice and Austrian Political Economy?," The Review of Austrian Economics, Springer, vol. 16(1), pages 63-75, March.
- Pannell, David J. & McFarlane, Donald J. & Ferdowsian, Ruhi, 2000.
"Rethinking the Externality Issue for Dryland Salinity in Western Australia,"
2000 Conference (44th), January 23-25, 2000, Sydney, Australia
123715, Australian Agricultural and Resource Economics Society.
- Pannell, David J. & McFarlane, Donald J. & Ferdowsian, Ruhi, 2001. "Rethinking the externality issue for dryland salinity in Western Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(3), September.
- Boettke, Peter J & Lopez, Edward J, 2002. " Austrian Economics and Public Choice," The Review of Austrian Economics, Springer, vol. 15(2-3), pages 111-19, June.
- Pannell, David J., 2001. "Dryland salinity: economic, scientific, social and policy dimensions," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(4), December.
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