Journal
AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS
Volume 45, Issue 1, Pages 67-94Publisher
WILEY
DOI: 10.1111/1467-8489.00134
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Much concern about the negative environmental consequences of agricultural development in Australia, including salinisation, waterlogging and algal blooms, has focused on the problems of the Murray-Darling Basin. The aim of this article is to provide an overview of the environmental problems of the Murray-Darling Basin from an economic perspective, and a selective survey of the relevant economic literature, including theoretical analysis, modelling and contributions to the development of water policy. In attempting to understand the complex problems of the Murray-Darling Basin, an eclectic approach drawing on externality, sustainability and property rights perspectives seems most appropriate.
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