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Robust Reform: Implementing robust institutional arrangements to achieve efficient water use in Australia

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Abstract

The focus of this report is on implementing institutional arrangements for the efficient allocation and management of water. Water is an input into human use including economic production and recreation activities that generate many externalities. It also provides many valuable ecosystem services only partially captured in the market. Institutional arrangements are required that are dynamically efficient and low cost, and robust enough to withstand the test of time. Robust administrative arrangements are characterised by the lack of a need for change.

Suggested Citation

  • Mike Young & Jim McColl, 2003. "Robust Reform: Implementing robust institutional arrangements to achieve efficient water use in Australia," Natural Resource Management Economics 03_003, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    • Handle: RePEc:csi:report:03_003
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    File URL: http://www.clw.csiro.au/publications/consultancy/2003/robust_reform.pdf
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    References listed on IDEAS

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    1. Mike Young, 2000. "Market-based Opportunities to Improve Environmental Flows: A scoping paper," Natural Resource Management Economics 00_004, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    2. Thomas Sterner (ed.), 1999. "The Market and the Environment," Books, Edward Elgar Publishing, number 1567.
    3. 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.
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    Cited by:

    1. Edwyna Harris, 2011. "The Impact of Institutional Path Dependence on Water Market Efficiency in Victoria, Australia," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 25(15), pages 4069-4080, December.
    2. English, Ben & Brearley, Taron & Coggan, Anthea, 2004. "Environmental flow allocation and counter-cyclical trading in the River Murray System," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58407, Australian Agricultural and Resource Economics Society.
    3. Donna Brennan, 2006. "Water policy reform in Australia: lessons from the Victorian seasonal water market ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(3), pages 403-423, September.
    4. Alexandros Maziotis & Elisa Calliari & Jaroslav Mysiak, 2013. "Robust Institutions for Sustainable Water Markets: A Survey of the Literature and the Way Forward," Working Papers 2013.58, Fondazione Eni Enrico Mattei.
    5. Brennan, Donna C., 2006. "Water policy reform in Australia: lessons from the Victorian seasonal water market," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(3), pages 1-21, September.
    6. Qureshi, Muhammad Ejaz & Connor, Jeffery D. & Kirby, Mac & Mainuddin, Mohammed, 2005. "Integrated assessment and management of stochastic water resources in the Murray Darling Basin," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137944, Australian Agricultural and Resource Economics Society.
    7. Henning Bjornlund, 2010. "The Competition for Water: Striking a Balance among Social, Environmental, and Economic Needs," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 302, April.
    8. Productivity Commission, 2006. "Rural Water Use and the Environment: The Role of Market Mechanisms," Research Reports, Productivity Commission, Government of Australia, number 21.
    9. Unknown, 2006. "Rural Water Use and the Environment: The Role of Market Mechanisms," Commissioned Studies 8020, Productivity Commission.
    10. Lankford, Bruce, 2012. "Fictions, fractions, factorials and fractures; on the framing of irrigation efficiency," Agricultural Water Management, Elsevier, vol. 108(C), pages 27-38.
    11. Connor, Jeffery D. & Ward, John & Clifton, Craig & Proctor, Wendy & Hatton MacDonald, Darla, 2008. "Designing, testing and implementing a trial dryland salinity credit trade scheme," Ecological Economics, Elsevier, vol. 67(4), pages 574-588, November.

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    More about this item

    Keywords

    water reform; institutional; trading; Australia;
    All these keywords.

    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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