Adaptation Responses to Increasing Drought Frequency

Using state contingent analysis we discuss how and why irrigators adapt to alternative water supply signals. Focusing on the timing of water allocations, we explore inherent differences in the demand for water by two key irrigation sectors: annual and perennial producers. The analysis explores the reliability of alternative water property right bundles and how reduced allocations across time influence alternative responses by producers. Our findings are then extended to explore how management st...

The Transferability of Economic Instruments to Mitigate Drought or Other Water Scarcity Impacts

Economic instruments are varied, and their uptake differs depending on the legal, social, economic and environmental context under consideration. In some contexts pricing and public subsidization form a basis for mitigating impacts, while in others private risk-mitigation arrangements such as insurance and water trade are used. Often all of these are present as a broad-spectrum approach to the issues involved. In this discussion, examples of these instruments will be provided together with...

Water Economics Down Under

From 22 January to 28 January 2016 the project leader made a short visiting period in Brisbane funded by the Search and Visitors Committee of the University of Queensland (UQ). During this time he worked with Dr. David Adamson (UQ) on water markets and buyback programmes. Following the visiting period the paper Incremental water charging in agriculture. A case study in the Regione Emilia Romagna in Italy and the working paper Water buyback in Agriculture: what can we expect? were presented in...

Grey swans in the lagoon: Dr. David Adamson’s (UQ) talk on Modeling Awareness & Decision Making in water management

Dr. David Adamson (University of Queensland, Australia) visited FEEM premises in Venice (28-30 January 2015). On Thursday 29 October at 12.00 he presented his work on "Modeling Awareness & Decision Making: The Case of Climate Change and Water Resources". The talk is available below:       Abstract: We can classify future problems and their contingencies into 3 level of increasing unawareness: White Swans, Grey Swans and Black Swans (Taleb 2007). White Swans are...