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Market-Based Instruments for Managing Water Quality in New Zealand. Final Report for the New Zealand Ministry for the Environment

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Abstract

Market-based instruments (MBIs) have been described as promising tools for advancing sustainable development in New Zealand (Sinner and Salmon, 2003). Sometimes described as “economic instruments”, these instruments seek to bring market opportunities and processes into areas that have been traditionally controlled by direct regulation, information and motivational processes.

Suggested Citation

  • Darla Hatton MacDonald & Jeffery Connor, 2004. "Market-Based Instruments for Managing Water Quality in New Zealand. Final Report for the New Zealand Ministry for the Environment," Natural Resource Management Economics 04_003, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
  • Handle: RePEc:csi:report:04_003
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    File URL: http://www.clw.csiro.au/publications/consultancy/2004/NZ_economic_Instruments.pdf
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    References listed on IDEAS

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    1. Godden, David P. & Vernon, Don, 2003. "Theoretical Issues in Using Offsets for Managing Biodiversity," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57872, Australian Agricultural and Resource Economics Society.
    2. Stavins, Robert N., 2003. "Experience with market-based environmental policy instruments," Handbook of Environmental Economics,in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 9, pages 355-435 Elsevier.
    3. Kling, Catherine L. & Bockstael, Nancy & Hanemann, W. Michael, 1987. "Estimating the Value of Water Quality Improvements in a Recreational Demand Framework," Staff General Research Papers Archive 1594, Iowa State University, Department of Economics.
    4. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January.
    5. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
    6. Mike Young & Darla Hatton MacDonald, 2003. "An opportunity to improve water trading in the South East Catchment of South Australia," Natural Resource Management Economics 03_01, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    7. Charles Raux, 2002. "The Use of Transferable Permits in the Transport Sector," Post-Print halshs-00080454, HAL.
    8. Darla Hatton MacDonald & Jeffery Connor, 2002. "Incentives, Policy and Voluntary Approaches to Improve Natural Resource Management in the Onkaparinga Catchment," Natural Resource Management Economics 02_005, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    9. Hahn, Robert W, 1989. "Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor's Orders," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 95-114, Spring.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    market based instruments; MBI; Australia;

    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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