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Robust Separation:A search for a generic framework to simplify registration and trading of interests in natural resources

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Abstract

This report is about the search for an economically efficient and equitable system of defining, allocating, and managing use of natural resources that proves to be robust. Robust in the sense that the fundamental principles and foundations upon which it is based remains unchanged over time. We focus on the notion of “interests” in natural resources, and obligations associated with use. We search for a generic robust approach to the definition of interests, rights and use obligations that sits comfortably within an economically efficient trading system. Pricing and charging issues and the question of how to convert from existing systems to the proposed one are left for subsequent reports.

Suggested Citation

  • Mike Young & Jim McColl, 2002. "Robust Separation:A search for a generic framework to simplify registration and trading of interests in natural resources," Natural Resource Management Economics 02_004, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
  • Handle: RePEc:csi:report:02_004
    Note: Vol.1-Main Report, Vol.2-Appendices
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    File URL: http://www.clw.csiro.au/publications/consultancy/2002/Robust_Separation.pdf
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    References listed on IDEAS

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    1. Mike Young & Darla Hatton MacDonald, 2000. "Interstate Water Trading: a 2-year Review," Natural Resource Management Economics 00_001, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    2. Brennan, Donna C. & Scoccimarro, Michelle, 1999. "Issues in defining property rights to improve Australian water markets," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 43(1), pages 1-21, March.
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    Cited by:

    1. Unknown, 2003. "Water Rights Arrangements in Australia and Overseas," Commission Research Papers 31899, Productivity Commission.
    2. Productivity Commission, 2004. "Water Rights Arrangements in Australia and Overseas," Others 0402002, University Library of Munich, Germany.
    3. Evans, Lewis & Counsell, Kevin, 2005. "Essays in Water Allocation: The Way Forward," Working Paper Series 3848, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    4. John Freebairn & John Quiggin, 2006. "Water rights for variable supplies ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(3), pages 295-312, September.
    5. Young, Michael D. & McColl, James C., 2008. "Double trouble: The importance of accounting for and defining water entitlements consistent with hydrological realities (Conference title: Water Trading in the MDBC: How well is the market functioning," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6037, Australian Agricultural and Resource Economics Society.
    6. M. D. Young & J. C. McColl, 2003. "Robust Reform: The Case for a New Water Entitlement System for Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 36(2), pages 225-234, June.
    7. Hawke, Richard, 2006. "Improving the Water Allocation Framework in New Zealand," Occasional Papers 06/9, Ministry of Economic Development, New Zealand.
    8. Bjornlund, Henning, 2006. "Recent and Emerging Water Policy Reforms in Australia," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 7, pages 1-12, July.
    9. John Freebairn, 2003. "Principles for the Allocation of Scarce Water," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 36(2), pages 203-212, June.
    10. Shi, Tian, 2006. "Simplifying complexity: Rationalising water entitlements in the Southern Connected River Murray System, Australia," Agricultural Water Management, Elsevier, vol. 86(3), pages 229-239, December.

    More about this item

    Keywords

    audit; Australia; natural resource management;

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation

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