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Managing Wetlands for Private and Social Good: Theory, Policy and Cases from Australia

Authors: Stuart M. Whitten, Jeff Bennett

Publisher: Edward Elgar Publishing

Publication date: 2005

Abstract: This book is focused on one such issue: the design of policy relating to the production of wetland outputs in order to maximize private and social welfare. The authors first address the welfare impacts of alternative wetland management strategies on the wider community. They then concentrate on privately owned wetlands in Australia and find that they generate substantial public benefits. Furthermore, they are able to identify cost-effective avenues to increase these benefits. The authors then turn their attention to the integration of policy costs in decision-making and the implications for wetland policy. They highlight the fact that policy development and implementation is a costly process and in some cases can even outweigh the net benefits available from increasing wetland production.