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| Heaney, Anna; Dwyer, Gavan; Beare, Stephen; Peterson, Deborah C.; Pechey, Lili. |
| A key feature of water policy reform in Australia has been the separation of water access entitlements from land titles and the establishment of markets for water. However, the separation of water entitlements from land failed to account for a number of characteristics that were implicit in the joint right. This has given rise to a number of third-party effects as water is traded in an incomplete market. This paper describes four third-party effects of water trade; reliability of supply, timeliness of delivery, storage and delivery charges, and water quality and examines policy responses to address these effects. The discussion draws on the concepts of exclusiveness and rivalry to determine the applicability of property rights and other solutions to the... |
| Tipo: Journal Article |
Palavras-chave: Property rights; Water trading; Third-party effects; Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/116967 |
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