Water markets in the Murray-Darling Basin

R. Quentin Grafton; James Horne

doi:10.1016/j.agwat.2013.12.001

Water markets in the Murray-Darling Basin

R. Quentin Grafton^*, James Horne

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

119 Citations (SciVal)

Abstract

The paper reviews the history of water markets and recent water reforms in the Murray-Darling Basin (MDB), Australia. A detailed examination of water markets in the MDB is given with a focus on: water charge and trading rules, trade restrictions, gains from trade, water market information, inter-temporal market price responses, and the environmental benefits of trade. Twelve lessons from the development of water markets in the MDB are provided to assist decision-makers interested in establishing or improving water markets in Australia, and beyond.

Original language	English
Pages (from-to)	61-71
Number of pages	11
Journal	Agricultural Water Management
Volume	145
DOIs	https://doi.org/10.1016/j.agwat.2013.12.001
Publication status	Published - 1 Nov 2014

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10.1016/j.agwat.2013.12.001

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title = "Water markets in the Murray-Darling Basin",

abstract = "The paper reviews the history of water markets and recent water reforms in the Murray-Darling Basin (MDB), Australia. A detailed examination of water markets in the MDB is given with a focus on: water charge and trading rules, trade restrictions, gains from trade, water market information, inter-temporal market price responses, and the environmental benefits of trade. Twelve lessons from the development of water markets in the MDB are provided to assist decision-makers interested in establishing or improving water markets in Australia, and beyond.",

keywords = "Economics, Environment, MDB Basin Plan, Murray-Darling Basin, Price, Water governance, Water markets, Water planning, Water trade",

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AB - The paper reviews the history of water markets and recent water reforms in the Murray-Darling Basin (MDB), Australia. A detailed examination of water markets in the MDB is given with a focus on: water charge and trading rules, trade restrictions, gains from trade, water market information, inter-temporal market price responses, and the environmental benefits of trade. Twelve lessons from the development of water markets in the MDB are provided to assist decision-makers interested in establishing or improving water markets in Australia, and beyond.

KW - Economics

KW - Environment

KW - MDB Basin Plan

KW - Murray-Darling Basin

KW - Price

KW - Water governance

KW - Water markets

KW - Water planning

KW - Water trade

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M3 - Article

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VL - 145

SP - 61

EP - 71

JO - Agricultural Water Management

JF - Agricultural Water Management

ER -

Water markets in the Murray-Darling Basin

Abstract

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