A consistent methodology enabling the estimation of the economic losses associated with drought and the comparison of estimates between sites and across time has been elusive. In this paper, we develop an ecosystem service approach to fill this research gap. We apply this approach to analysis of...

An integrated biophysical and economic model is used to determine the effects of using more water efficient irrigation systems and trade in water rights on the environmental performance of irrigation enterprises in the Mooki catchment within the Murray–Darling Basin, Australia. We find that...