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Extra-market values and water management in New Zealand

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  • Kerr, Geoffrey N.

Abstract

Efficient water management requires information on the magnitudes of all values associated with water volumes and quality, both in-situ and in extractive uses. This paper reviews and summarises New Zealand research into extra-market values placed on water. Studies have addressed issues as diverse as maintenance of ground water and instream flows, the value of recreational activities, and the quality of household water supplies. Results indicate that people place high values on avoiding further degradation of the natural environment, and in-situ values can have a significant role in water allocation efficiency despite high consumptive values of water.

Suggested Citation

  • Kerr, Geoffrey N., 2003. "Extra-market values and water management in New Zealand," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57904, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare03:57904
    DOI: 10.22004/ag.econ.57904
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    References listed on IDEAS

    as
    1. Lynch, Richard J. & Weber, Jeffrey A., 1992. "Valuing Water of the Ashburton River: In-Stream Flows Versus Irrigation," 1992 Conference (36th), February 10-13, 1992, Canberra, Australia 146539, Australian Agricultural and Resource Economics Society.
    2. Richard Carson & Robert Mitchell & Michael Hanemann & Raymond Kopp & Stanley Presser & Paul Ruud, 2003. "Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 25(3), pages 257-286, July.
    3. Kerr, Geoffrey N. & Sharp, Basil M.H. & White, Paul, 2001. "Non-marketed Impacts of Ground Water Extraction," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 125687, Australian Agricultural and Resource Economics Society.
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