Journal article

Measuring the price of Australian water

Steve Easton, Sean Pinder

AUSTRALIAN JOURNAL OF MANAGEMENT | SAGE PUBLICATIONS LTD | Published : 2021

Abstract

The Murray-Darling Basin is Australia’s largest river system spanning over a million square kilometres and supporting annual agricultural production in excess of $A24 billion. The market for trading in water entitlements linked to this resource seeks to ensure that water flows to its highest value use. The quality of the data produced for these markets is of paramount importance to all participants, whether it be irrigators assessing whether the price offered for their entitlement is fair or a water authority attempting to determine the impact of their intervention through buyback activity. In this paper, we highlight the problem of using median prices when reporting aggregate price leve..

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University of Melbourne Researchers