Murray-Darling Basin
The Murray-Darling Basin is the broader southern-basin water-market context behind Our mission: Find the world’s best economic ideas (Summer School World Tour). The episode says Neil Hughes’ team estimated that water trading in the southern basin produced benefits worth about 12% of water rights, or around $117 million per year.
The basin is the economic geography where Water Rights Trading turns water into a tradable allocation problem. The source links that efficiency story to backlash from farmers such as Carly Marriott, making the basin a case where scarcity pricing, political legitimacy, and Climate Adaptation meet.
Connections
- Australia and Murray River - geographic setting.
- Neil Hughes and Carly Marriott - analysis and farmer-backlash perspectives.
- Water Market Design, Water Rights Trading, and Market Speculation - source concepts.