Executive Summary
The current report presents a number of strategic management strategies to the Australian federal government. In general, the report categorizes different ecosystem services and function provided by Murray-Darling basin into four major categories-production, habitat, information and regulating. Alongside this, the report indicates that in their efforts to provide ecosystem services and functions, industry stakeholders fail to allocate resources efficiently, more importantly, the report indicates that market failures results from nature of the market and the nature of goods and services produced and the nature of exchange used.
The market-based instruments (MBIs) refer to several regulations that government organizations use ...