Economic potential of market-oriented water storage decisions: Evidence from Australia

Water Resources Research

Volumn 46, Issue 8, 2010, Pages

  Brennan, Donna ^a  

^a UNIVERSITY OF WESTERN AUSTRALIA   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

ACCESS RIGHTS; ACROSS TIME; AUSTRALIA; ECONOMIC POTENTIALS; EMPIRICAL EXAMINATION; PROPERTY RIGHT; STORAGE POLICIES; WATER MARKET; WATER STORAGE;

ECONOMICS; IRRIGATION; WATER MANAGEMENT;

COMMERCE;

DAM; DECISION MAKING; DROUGHT; ECONOMIC REFORM; IRRIGATION; MARKET DEVELOPMENT; PRICE DETERMINATION; PROPERTY RIGHTS; RAINFALL; REGIONAL POLICY; VALLEY; WATER MANAGEMENT; WATER STORAGE;

AUSTRALIA; GOULBURN VALLEY; VICTORIA [AUSTRALIA];

EID: 77956202084     PISSN: 00431397     EISSN: None     Source Type: Journal    
DOI: 10.1029/2008WR007407     Document Type: Article

References (20)

1. Alaouze, C. (1991), Inter-temporal water transfers and drought, Aust. Econ. Pap., 30, 114-127.
2. Beare, S., R. Bell, and B. Fisher (1998), Determining the value of water: The role of risk, infrastructure constraints, and ownership, Am. J. Agric. Econ., 80(5), 916-940.
3. Booker, J. F., and J. C. O'Neill (2006), Can reservoir storage be uneconomically large?, J. Water Resour. Plann. Manage., 132(6), 520-523.
4. Booker, J., and R. Young (1994), Modeling intrastate and interstate markets for Colorado River water resources, J. Environ. Econ. Manage., 26, 66-87.
5. Brennan, D. (2006), Water policy reform in Australia: Lessons from the Victorian seasonal water market, Aust. J. Agric. Resour. Econ., 50, 402-423.
6. Dudley, N. J. (1988a), A single decision maker approach to irrigation reservoir and farm management decision making, Water Resour. Res., 24(5), 633-640.
7. Dudley, N. (1988b), Volume sharing of reservoir water, Water Resour. Res., 24(5), 641-648.
8. Dudley, N., and B. Hearn (1993), Systems modeling to integrate river valley water supply and irrigation decision making under uncertainty, Agric. Syst., 42(1), 3-23.
9. Gislason, C. (1960), Grain storage rules, J. Farm Econ., 42(3), 576-95.
10. Howitt, R., S. Msangi, A. Reynaud, and K. Knapp (2005), Estimating intertemporal preferences for natural resource allocation, Am. J. Agric. Econ., 87(4), 969-983.
11. James, B., P. D. Erlanger, and W. R. Hansen (1993), Modelling a complex irrigation restriction policy using a general simulation package, paper presented at Hydrology and Water Resources Symposium, Institute of Engineers, Newcastle, 30 June to 2 July.
12. Knapp, K., and L. Olson (1995), The economics of conjunctive groundwater management with stochastic surface supplies, J. Environ. Econ. Manage., 28(3), 340-356.
13. Massell, B. (1969), Price stabilization and welfare, Q. J. Econ., 83(2), 284-298.
14. Miller, K. (1996), Water banking to manage supply variability, in Marginal Cost Rate Design and Wholesale Water Markets, Adv. Econ. Environ. Resour., vol. 1, edited by D. Hall, pp. 185-210, JAI Press, Greenwich, Conn.
15. Oi, W. (1961), The desirability of price instability under perfect competition, Econometrica, 29(1), 58-64.
16. Samuelson, P. (1972), The consumer does benefit from feasible price stability, Q. J. Econ., 86(3), 476-493.
17. Turnovsky, S. (1976), The distribution of welfare gains from price stabilization: The case of multiplicative disturbances, Int. Econ. Rev., 17(1), 133-148.
18. Waugh, F. V. (1944), Does the consumer benefit from price instability?, Q. J. Econ., 58(4), 602-614.
19. Williams, J. C., and B. D. Wright (1991), Storage and Commodity Markets, Cambridge Univ. Press, Cambridge, U. K.
20. Wright, B., and J. C. Williams (1988), The incidence of market stabilizing price support schemes, Econ. J., 98(393), 1183-1198.