Water Scarcity and Water Markets: A Comparison of Institutions and Practices in the Murray-Darling Basin of Australia and the Western US

@article{Libecap2010WaterSA,
  title={Water Scarcity and Water Markets: A Comparison of Institutions and Practices in the Murray-Darling Basin of Australia and the Western US},
  author={G. Libecap and R. Q. Grafton and C. Landry and R. J. O'Brien and E. Edwards},
  journal={Agricultural & Natural Resource Economics eJournal},
  year={2010}
}
  • G. Libecap, R. Q. Grafton, +2 authors E. Edwards
  • Published 2010
  • Geography
  • Agricultural & Natural Resource Economics eJournal
  • Water markets in Australia’s Murray-Darling Basin (MDB) and the US west are compared in terms of their ability to allocate scarce water resources among competing uses. Both locations have been in the forefront of the development of water markets with defined water rights and conveyance structures to assist in the reallocation of water across competing demands. They also share the challenge of managing water with climate variability and climate change. As these two markets occur in developed… CONTINUE READING
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