Informing tough trade-offs in the Murray-Darling Basin

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    This chapter examines the role of benefit-cost analysis (BCA) as a tool to inform collective decision making surrounding resource allocation trade-offs. It focuses on two major issues of contention, job losses and environmental impacts in policy assessment. The issue of rent-seeking behaviour is identified as a challenge in communicating the results of benefit-cost analysis. The chapter raises questions about the conceptual validity of some approaches to valuation of non-market benefits that may undermine public confidence in BCA.
    Original languageEnglish
    Title of host publicationWater Policy Reform: Lessons in Sustainability from the Murray-Darling Basin
    Editors John Quiggin, Thilak Mallawaarachchi, Sarah Chambers
    Place of PublicationCheltenham, UK and Northampton, MA, USA
    PublisherEdward Elgar Publishing Ltd.
    Pages159-169
    Edition1st
    ISBN (Print)9781781000311
    DOIs
    Publication statusPublished - 2012

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