2009
DOI: 10.1016/j.ecolecon.2009.08.004
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Water markets and freshwater ecosystem services: Policy reform and implementation in the Columbia and Murray-Darling Basins

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Cited by 124 publications
(75 citation statements)
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“…Once problems have arisen, reactive management efforts can be more costly than anticipating management to reduce risk by actions to enhance the resilience of the river basin (Palmer et al 2008). Proactive management efforts may include among others: management plans to the risk of water scarcity at the farm level, on-farm reservoirs, improvements in water use efficiency (Iglesias et al 2007) and, the establishment of water markets to negotiate water between water users and in turn encouraging the reallocation of water rights to restore freshwater ecosystem health (Garrick et al 2009;Rey et al 2014). The high number of Bno opinion^answers obtained within the category of Badministration support^to technological or organizational options is striking.…”
Section: Towards Adaptation To Climate Changementioning
confidence: 99%
“…Once problems have arisen, reactive management efforts can be more costly than anticipating management to reduce risk by actions to enhance the resilience of the river basin (Palmer et al 2008). Proactive management efforts may include among others: management plans to the risk of water scarcity at the farm level, on-farm reservoirs, improvements in water use efficiency (Iglesias et al 2007) and, the establishment of water markets to negotiate water between water users and in turn encouraging the reallocation of water rights to restore freshwater ecosystem health (Garrick et al 2009;Rey et al 2014). The high number of Bno opinion^answers obtained within the category of Badministration support^to technological or organizational options is striking.…”
Section: Towards Adaptation To Climate Changementioning
confidence: 99%
“…High transaction costs can be a significant disincentive to trade and they are likely to be particularly relevant when establishing new markets since they involve a change from historical systems of water management. Such costs can arise from the transaction itself or they can be generated by the institutional factors that are necessary in enabling trade (Skurray et al 2013;Garrick et al 2009). …”
Section: Water Market Conditionsmentioning
confidence: 99%
“…This problem is exacerbated by current institutional boundaries that delineate the environment as separate to productive uses of water, and which can reinforce a competitive mind set between these purposes. For example, although the creation of water rights for the environment in Australia and the western USA has increased the volume of environmental water and improved environmental outcomes (Garrick et al, 2009), it has done so by constructing the environment as just another user of water (O'Donnell, 2017). In Australia, the Commonwealth Environmental Water Holder frequently refers to itself as the largest irrigator in the basin (Docker, 2013).…”
Section: Integrated Management and River Objectivesmentioning
confidence: 99%