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Discounting and policy options for sustainable management of the Murray-Darling River System


  • John Quiggin

    () (Department of Economics, University of Queensland)


Management of the Murray-Darling river system involves a large number of users with imprecisely defined rights, and an aggregate rate of resource use that is environmentally unsustainable. One possible policy response is to make formal or informal contracts with users, under which users receive current benefits in return for a commitment to forgo usage rights in future. In this paper, this issue is explored with specific reference to the possibility of repurchasing the renewal rights for irrigation licenses.

Suggested Citation

  • John Quiggin, 2004. "Discounting and policy options for sustainable management of the Murray-Darling River System," Murray-Darling Program Working Papers WPM04_1, Risk and Sustainable Management Group, University of Queensland, revised Jan 2003.
  • Handle: RePEc:rsm:murray:m04_1

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    Discounting; property rights; Murray-Darling;

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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