Improving water market outcomes through a better understanding of market behaviour. The issue of water resources and their sustainable use is probably the most important issue facing the rural sector. The water reform process and its aim to secure water for the environment will cause economic and social pain and result in structural change within the irrigation sector. Properly functioning water markets will play an instrumental role in facilitating this process by providing water for the envir ....Improving water market outcomes through a better understanding of market behaviour. The issue of water resources and their sustainable use is probably the most important issue facing the rural sector. The water reform process and its aim to secure water for the environment will cause economic and social pain and result in structural change within the irrigation sector. Properly functioning water markets will play an instrumental role in facilitating this process by providing water for the environment and allowing water to move between competing resources. This study will enable policy makers and water managers to optimise the positive outcome of water markets and increase the likely success of programs to purchase environmental water.Read moreRead less
Economics of Conserving Australian Tropical Wildlife: An Analysis of the Role of Economic Valuation, Property Rights and Commercialisation. Australian tropical native animals are selected to analyse economic valuation (use and non-use valuation) of wildlife species and to assess systematically the role of property rights and commercialisation in conservation. The project will (1) reduce bias of Australian economic studies in favour of temperate species; (2) answer several unresolved questions ra ....Economics of Conserving Australian Tropical Wildlife: An Analysis of the Role of Economic Valuation, Property Rights and Commercialisation. Australian tropical native animals are selected to analyse economic valuation (use and non-use valuation) of wildlife species and to assess systematically the role of property rights and commercialisation in conservation. The project will (1) reduce bias of Australian economic studies in favour of temperate species; (2) answer several unresolved questions raised in the Parlimentary Report on Commercial Utilisation of Australian Wildlife; (3) advance economic theory (e.g. relating to dynamic influences on economic valuation) and provide new insights into property rights making use of empirical and experimental results, and (4) thereby contribute to public policy decision-making.Read moreRead less
Water Scarcity and rural social hardship - can water markets alleviate the problem? Present review of water resources within catchments of the Murray-Darling Basin will result in reduced access to water for consumptive use with consequential significant socio-economic and community impacts. Water markets are seen as major instruments to assist farmers in managing this process and thereby minimize the impact within rural communities. However, research has identified several barriers to trade an ....Water Scarcity and rural social hardship - can water markets alleviate the problem? Present review of water resources within catchments of the Murray-Darling Basin will result in reduced access to water for consumptive use with consequential significant socio-economic and community impacts. Water markets are seen as major instruments to assist farmers in managing this process and thereby minimize the impact within rural communities. However, research has identified several barriers to trade and several future research needs. This project addresses five of these issues by providing insight into three community barriers to trade as well as a framework for ongoing monitoring, analyses and reporting of market outcomes and impacts to assist adaptive policy development.Read moreRead less