Increased participation in Australian water markets

摘要: This paper examines evidence of the factors affecting adoption water markets within Australia’s largest irrigation district, Goulburn-Murray Irrigation District in Northern Victoria. The district is unique for purpose this analysis a number reasons: 1) irrigators are supplied by two main systems with very different supply reliability; 2) parts have high proportion land suffering from soil degradation and salinity low value production while other areas better soils higher production; 3) market restrictions been eased over time vary across district; 4) has experienced severe drought last six years; 5) there types those infrastructure pumping their own directly rivers slightly entitlements. uses trading entitlement registers to analyze behavior all farm businesses during first 13 years both entitlements allocations. Originally were adopted most extensively area potential financial tradeoffs between users poor good soils,