Informing tough trade-offs in the Murray-Darling Basin

Jeff Bennett

doi:10.4337/9781781000311.00023

Informing tough trade-offs in the Murray-Darling Basin

Research output: Chapter in Book/Report/Conference proceeding › Chapter

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 language	English
Title of host publication	Water Policy Reform: Lessons in Sustainability from the Murray-Darling Basin
Editors	John Quiggin, Thilak Mallawaarachchi, Sarah Chambers
Place of Publication	Cheltenham, UK and Northampton, MA, USA
Publisher	Edward Elgar Publishing Ltd.
Pages	159-169
Edition	1st
ISBN (Print)	9781781000311
DOIs	https://doi.org/10.4337/9781781000311.00023
Publication status	Published - 2012

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10.4337/9781781000311.00023

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title = "Informing tough trade-offs in the Murray-Darling Basin",

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.",

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publisher = "Edward Elgar Publishing Ltd.",

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Informing tough trade-offs in the Murray-Darling Basin. / Bennett, Jeff.

Water Policy Reform: Lessons in Sustainability from the Murray-Darling Basin. ed. / John Quiggin, Thilak Mallawaarachchi, Sarah Chambers. 1st. ed. Cheltenham, UK and Northampton, MA, USA : Edward Elgar Publishing Ltd., 2012. p. 159-169.

Research output: Chapter in Book/Report/Conference proceeding › Chapter

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Informing tough trade-offs in the Murray-Darling Basin

Abstract

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