Water Policy in Australia: The Impact of Change and Uncertainty
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In the last twenty years, policy makers in Australia have been forced to acknowledge that it is not possible to perpetually supply more water at a low cost. Consequently, the country has begun to focus on water resource management through legislative and institutional change-attempting to allocate water in a more economically efficient and socially and environmentally acceptable manner. This book provides insight into the challenges of institutional change, as well as valuable lessons on the design of property rights for complex resources.
