Comparative assessment of water markets: insights from the Murray-Darling Basin of Australia and the Western USA

Libecap, Gary; Edwards, Eric; O'Brien, Bob; Landry, Clay; Grafton, Quentin

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Comparative assessment of water markets: insights from the Murray-Darling Basin of Australia and the Western USA

Date

2012

Authors

Libecap, Gary

Edwards, Eric

O'Brien, Bob

Landry, Clay

Grafton, Quentin

Publisher

IWA Publishing

Abstract

Water markets in Australia's Murray-Darling Basin (MDB) and the western USA are compared in terms of their ability to allocate scarce water resources. The study finds that the gains from trade in the MDB are worth hundreds of millions of dollars per year