Bruin, Kelly C. de; Dellink, Rob B. - Fondazione ENI Enrico Mattei (FEEM) - 2009
The dominant assumption in economic models of climate policy remains that adaptation will be implemented in an optimal … the effects of suboptimal levels of adaptation, i.e. adaptation restrictions, on the composition and level of climate … is investigated. When adaptation is not possible at extreme levels of climate change, it is cost-effective to use more …