| By: |
Darla Hatton MacDonald (Policy and Economics Research Unit,CSIRO Land and Water);
Sebastien Lamontagne |
| Abstract: |
It is often said that water is under-priced and that if the full cost of water
were charged, water use would be more sustainable. Moving from a statement to
actual practice requires a shift in thinking about the fundamental economics.
Australia has embarked on a process of economic reform and part of the reform
package in the water sector has required States within Australia to report on
progress towards full cost pricing, including the set of costs and in some
circumstances, benefits, through changes to the environment. |
| Keywords: |
water, full cost, economics, externalities, Murray-Darling Basin |
| JEL: |
Q0 Q1 Q2 |
| Date: |
2004–03 |
| URL: |
http://d.repec.org/n?u=RePEc:csi:report:04_005&r=agr |