Reviewing the adoption and impact of water markets in the Murray–Darling Basin, Australia

摘要: Water markets have increasingly been adopted as a reallocation tool around the world as water scarcity intensifies. Water markets were first introduced in Australia in the 1980s, and water entitlement and allocation trade have been increasingly adopted by both private individuals and governments. As well as providing an overview of water policy in Australia since the 1900s, this paper examines the adoption of water trading in the southern Murray–Darling Basin of Australia (the largest hydrologically connected water market in Australia) …