Formal water markets in Australia began as uniform price open call markets. As water markets in Australia continue to expand and mature, water managers are introducing double auction water markets, believing that such markets will produce more efficient outcomes. It is therefore timely and...

This article explores the issue of nonpoint pollution credit production in the context of water quality in rivers and streams. Such trading depends on emission reduction cost differential between point source polluters, such as publicly owned treatment plants and industrial sources, and nonpoint...

This study examined the use of Individual Transferable Quotas (ITQs) to effectively manage fishing impacts on all ecosystem components, as required under Ecosystem Based Fisheries Management (EBFM) principles. A consequence of changing from input controls to output-based (catch) management is...