IDEAS home Printed from https://ideas.repec.org/p/ags/aare08/6037.html
   My bibliography  Save this paper

Double trouble: The importance of accounting for and defining water entitlements consistent with hydrological realities (Conference title: Water Trading in the MDBC: How well is the market functioning?)

Author

Listed:
  • Young, Michael D.
  • McColl, James C.

Abstract

When water entitlement and water sharing systems are mis-specified, that is specified in a manner that lacks hydrological integrity, inefficient investment and water use is the result. Using Australia's Murray Darling Basin as an example, this paper attempts to reveal the economic consequences of entitlement mis-specification. Options for specification of entitlement and allocation systems in a way that has hydrological integrity are presented. It is reasoned, that if entitlement and allocation system were set up in this manner the result would be an efficient allocation regime that would autonomously adjust to climatic shifts, changes in prices and changes in technology whilst maintaining environmental integrity.

Suggested Citation

  • Young, Michael D. & McColl, James C., 2008. "Double trouble: The importance of accounting for and defining water entitlements consistent with hydrological realities (Conference title: Water Trading in the MDBC: How well is the market functioning," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6037, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare08:6037
    DOI: 10.22004/ag.econ.6037
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/6037/files/cp08yo01.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.6037?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mike Young & Jim McColl, 2002. "Robust Separation:A search for a generic framework to simplify registration and trading of interests in natural resources," Natural Resource Management Economics 02_004, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    2. M. D. Young & J. C. McColl, 2003. "Robust Reform: The Case for a New Water Entitlement System for Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 36(2), pages 225-234, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hawke, Richard, 2006. "Improving the Water Allocation Framework in New Zealand," Occasional Papers 06/9, Ministry of Economic Development, New Zealand.
    2. Leah M Gibbs, 2013. "Bottles, Bores, and Boats: Agency of Water Assemblages in Post/Colonial Inland Australia," Environment and Planning A, , vol. 45(2), pages 467-484, February.
    3. Michael D. Young & Jim C. McColl, 2009. "Double trouble: the importance of accounting for and defining water entitlements consistent with hydrological realities ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(1), pages 19-35, January.
    4. M. D. Young & J. C. McColl, 2003. "Robust Reform: The Case for a New Water Entitlement System for Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 36(2), pages 225-234, June.
    5. Krishna C. Prasad & Barbara Van Koppen & Kenneth Strzepek, 2006. "Equity and productivity assessments in the Olifants River basin, South Africa," Natural Resources Forum, Blackwell Publishing, vol. 30(1), pages 63-75, February.
    6. Evans, Lewis & Counsell, Kevin, 2005. "Essays in Water Allocation: The Way Forward," Working Paper Series 3848, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    7. Productivity Commission, 2004. "Water Rights Arrangements in Australia and Overseas," Others 0402002, University Library of Munich, Germany.
    8. Ward, John & Bryan, Brett & Gale, Glenn & Hobbs, Trevor, 2006. "Market-Based Instrument approaches to implementing priority revegetation in the South Australian Murray-Darling Basin," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139924, Australian Agricultural and Resource Economics Society.
    9. Davidson, Brian, 2004. "The Problems of Analysing Markets for Irrigation Water," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58400, Australian Agricultural and Resource Economics Society.
    10. Young, Michael D., 2014. "Designing water abstraction regimes for an ever-changing and ever-varying future," Agricultural Water Management, Elsevier, vol. 145(C), pages 32-38.
    11. Gómez-Limón, José A. & Gutiérrez-Martín, Carlos & Montilla-López, Nazaret M., 2021. "Priority water rights. Are they useful for improving water-use efficiency at the irrigation district level?," Agricultural Water Management, Elsevier, vol. 257(C).
    12. Brennan, Donna C., 2008. "Missing markets for storage and the potential economic cost of expanding the spatial scope of water trade," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(4), pages 1-15.
    13. Unknown, 2003. "Water Rights Arrangements in Australia and Overseas," Commission Research Papers 31899, Productivity Commission.
    14. 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.
    15. MacLeod, N.D. & McIvor, J.G., 2006. "Reconciling economic and ecological conflicts for sustained management of grazing lands," Ecological Economics, Elsevier, vol. 56(3), pages 386-401, March.
    16. Patterson, Murray G., 2006. "Development of ecological economics in Australia and New Zealand," Ecological Economics, Elsevier, vol. 56(3), pages 312-331, March.
    17. Carlos Gutiérrez-Martín & José A. Gómez-Limón & Nazaret M. Montilla-López, 2022. "Priority Water Rights for Irrigation at the River Basin Level. Do They Improve Economic Efficiency During Drought Periods?," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 36(10), pages 3737-3758, August.
    18. Bjornlund, Henning, 2006. "Recent and Emerging Water Policy Reforms in Australia," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 7, pages 1-12, July.
    19. Freebairn, John W. & Quiggin, John C., 2006. "Water rights for variable supplies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(3), pages 1-18.
    20. Shi, Tian, 2006. "Simplifying complexity: Rationalising water entitlements in the Southern Connected River Murray System, Australia," Agricultural Water Management, Elsevier, vol. 86(3), pages 229-239, December.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aare08:6037. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.