Economic Efficiency and Property Rights Issues in the Management of Rural Water

摘要: In Australia, the state water Acts and related legislation determine broad outline of property rights governing entitlements irrigators rural towns. Thus, these may be described as regimes (Bromley 1991, p. 23). Irrigators, however, operate in a private sector environment where adaptability to climatic market, forces is necessary for maintenance profitability. We critically assess pricing, reliability intertemporal characteristics major irrigation districts Victoria NSW.