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Title: The Institutional Setting
Contributor(s): Crase, Lin (author); Dollery, Brian Edward  (author)
Publication Date: 2008
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Abstract: The historical and legal context provided in earlier chapters offers useful and differing lenses through which to consider Australian water policy formulation. An alternative, but compatible, approach is to invoke the conceptualization of institutions, which has emerged as an important strand of research within the economics literature. In this case we borrow North's (1990) definition of institutions as the formal and informal rules that constrain an individual's behavior and consequently determine human interaction. In the interests of completeness, we also endeavor to consider organizations or governance structures as part of the institutional arrangements that pertain to Australian water policy.
Publication Type: Book Chapter
Source of Publication: Water Policy in Australia: The Impact of Change and Uncertainty, p. 74-89
Publisher: Resources for the Future
Place of Publication: Washington, United States of America
ISBN: 1933115580
Field of Research (FOR): 140205 Environment and Resource Economics
HERDC Category Description: B1 Chapter in a Scholarly Book
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Series Name: Issues in water resource policy
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