@inbook{88e8ef0581bb4628aa04d7e792ded1a1,
title = "Socioeconomic Consequences of Water Trading: Reviewing the Evidence for Water Markets in Australia",
abstract = "In times of water scarcity, there is evidence and quite common acceptance that water markets improve overall efficiency by reallocating water toward uses that arc more highly valued, and that markets serve as a risk management tool for farmers (Barbier 2019; Graftonct al. 2011; Nauges ct al. 2016). However,water markets are a frequent cause for concern, and opponents to water trading often raise fears about the possible adverse effects on the welfare of irrigation-dependent rural communities (Griffin ct al. 2013; Wheeler2021, chapter 2). In what follows, we review the existing evidence on the socioeconomic consequences of water trading for both irrigated farmers and rural communities. Given space constraints, we abstract here from the environmental consequences of water trading (although see Wheeler ct al. 2014a for a review), from the arguments regarding the Basin Plan' (sec Grafton 2019 for a review)and from issues regarding claims of cartel and collusion behavior in water markets (see ACCC 2021 and Wheeler 2022 for a review).",
keywords = "water trading, water markets, Australia, risk management, socioeconomic disadvantage",
author = "C{\'e}line Nauges and Wheeler, {Sarah Ann}",
year = "2024",
doi = "10.4337/9781802202946.00062",
language = "English",
isbn = "9781802202939",
series = "Elgar Encyclopedias in the Social Sciences",
publisher = "Edward Elgar Publishing Ltd",
pages = "239--242",
editor = "Phoebe Koundouri and Angelos Alamanos",
booktitle = "Elgar Encyclopedia of Water Policy, Economics and Management",
address = "United Kingdom",
}