Water resources modeling: A review

Marnie Wade Griffith

    Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Researchpeer-review

    Abstract

    Australian economists were modeling irrigation water scenarios many years before substantial reforms started taking effect. Early modelers recommended that the water authorities raise the price of irrigation water. A recurring theme of later modeling is that water trading plays an important role in improving allocative efficiency. The eventual COAG reforms included the separation of land and water titles. With this separation, water trading became easier. With such trading, the market rather than authorities determine the price of water. Modeling has shown that other institutional aspects of water management have also hindered optimal water allocations in the past.
    Original languageEnglish
    Title of host publicationEconomic Modeling of Water: The Australian CGE Experience
    EditorsGlyn Wittwer
    Place of PublicationDordrecht Netherlands
    PublisherSpringer
    Pages59 - 77
    Number of pages19
    Edition1st
    ISBN (Print)9789400728752
    DOIs
    Publication statusPublished - 2012

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