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INTEGRATED MODELLING OF WATER POLICY SCENARIOS IN THE GREAT BARRIER REEF REGION
Author(s) -
Smajgl Alexander,
Hajkowicz Stefan
Publication year - 2005
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/j.1759-3441.2005.tb00375.x
Subject(s) - computable general equilibrium , great barrier reef , reef , order (exchange) , plan (archaeology) , water quality , environmental science , computer science , environmental resource management , environmental economics , water resource management , environmental planning , business , geography , economics , geology , oceanography , ecology , microeconomics , finance , biology , archaeology
The Reef Water Quality Protection Plan defined a landmark in the political discussion on water use in the Great Barrier Reef (GBR) region. In order to develop a decision support tool that integrates market values and non‐market values we combine Computable General Equilibrium (CGE) modelling with multi‐attribute utility theory (MAUT) to integrate socio‐economic, ecological and hydrological aspects of water use. In two scenarios the applied modelling approach of this paper is explained.