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Australia’s Water Resources seeks to explore the circumstances underpinning the profound reorientation of attitudes and relationships to water that has taken place in Australia in recent decades. The changing emphasis from development to management of water resources continues to evolve and is reflected in a series of public policy initiatives directed towards rational, efficient and sustainable use of the nation's water. Australia is now recognised as a pacesetter in water reform. Administrative restructuring, water pricing, water markets and trade, integrated water resources management, and the emergence of the private sector, are features of a more economically sound and environmentally compatible water industry. It is important that these changes are documented and their rationale and effectiveness explained. This timely work provides an important synthesis of these issues. This revised paperback edition is a fully corrected reprint of the hardback edition.
'This is an excellent piece of work, applying the economic theory of property rights and transaction costs to the complex policy problems associated with water use in irrigation. Challen examines the determination of transaction costs and the way they interact with a realistic specification of property rights. He thereby avoids the two main defects found in much work in this area: first, the use of a simplistic division of property rights schemes, for example one based on polar categories of private property and common property, defined to mean open access, and second, a tendency to use the category of transaction costs as an unexamined "black box".' - John Quiggin, James Cook University, Australia 'A most encouraging trend in economics concerns the careful and non-teleological study of institutions. From an era in which institutions were completely ignored, through an era in which it was thought that institutions were mere constraints on otherwise beneficent behavior in markets, through an era in which it was thought that the purpose of institutions was to promote economic efficiency, we now seem to be firmly in an era in which it is understood that institutions are the very bedrock of economic and social interaction. The analysis of institutions will fall into incoherence if we insist on seeing them as teleological rather than as instrumental. Once there, we must still understand the purposes that different individuals and collectivities ascribe to particular institutional set ups. In this careful book Ray Challen offers clear conceptual guidance to the study of economic institutions. He also shows us how one can undertake the analysis of institutional choice. The problem setting is water resources in eastern Australia. The lessons are profoundly international, and the approach is refreshingly promising.' - Daniel W. Bromley, University of Wisconsin-Madison, US Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of these structures with illustrative application to the allocation of water resources.
Floodplain Management in Australia comprises a full and detailed discussion of best practice principles and guidelines of floodplain management in Australia. These principles and guidelines have been developed to assist all levels of government, the private sector and the community to manage, in partnership, the flood risk associated with Australia's floodplains on a sustainable basis for the benefit of both present and future generations. The book provides a better understanding of flood behaviour, flood risk and the consequences of flooding. It puts forward the ways in which these issues can be addressed using best practice guidelines to foster the optimal use of the nation's floodplains. It consists of five Chapters and 16 Appendices, a glossary of technical terms and a list of references and further reading. The main text is preceded by a summary of best practice principles for floodplain management
Prepared under instructions from the Right Honorable the Treasurer by K.M. Archer, Commonwealth Statistician.