Northern Australian Indigenous people are among the most disadvantaged in the nation. Improved socio-economic status depends on access to, and sustainable use of natural resources, including water.
This research examined the potential effectiveness and durability of water markets in tropical Australia, how the transition to market-based allocation interacts with existing institutions, and the potential socio-economic impacts arising from an open trading market.
Nikolakis, W., R.Q. Grafton and H. To. (2013) Indigenous Values and Water Markets: Survey Insights from Northern Australia. Journal of Hydrology 500: 12-20.
The project was led by Quentin Grafton from the Australian National University.