Informing tough trade-offs in the Murray–Darling Basin

Jeff Bennett

Informing tough trade-offs in the Murray–Darling Basin

Jeff Bennett^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

3 Citations (Scopus)

Abstract

This chapter examines the role of benefit-cost analysis (BCA) as a tool to inform collective decision making surrounding resource allocation trade-offs. It focuses on two major issues of contention, job losses and environmental impacts in policy assessment. The issue of rent-seeking behaviour is identified as a challenge in communicating the results of benefit-cost analysis. The chapter raises questions about the conceptual validity of some approaches to valuation of non-market benefits that may undermine public confidence in BCA.

Original language	English
Title of host publication	Water Policy Reform
Subtitle of host publication	Lessons in Sustainability from the Murray-Darling Basin
Publisher	Edward Elgar Publishing Ltd.
Pages	159-169
Number of pages	11
ISBN (Electronic)	9781781000328
ISBN (Print)	9781781000311
Publication status	Published - 1 Jan 2012

Cite this

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Informing tough trade-offs in the Murray–Darling Basin

Abstract

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