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Given the non-residential sector accounts for some 28% of total consumption in Melbourne, there is prima facie evidence to suggest that an increased focus could be placed towards this sector with more effective water pricing frameworks and structures.
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Tariff Structures
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Externalities are the "spillover" or "third-party" effects associated with economic activity. The presence of externalities implies that the full costs or benefits of economic activity are not recognised in individual producer or consumer decisions, and - according to economic theory - outcomes for society will be less than optimal.
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Economic Studies