Dannenberg, Astrid; Mennel, Tim; Osberghaus, Daniel; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
Given the ubiquitous scarcity of resources an economic approach is necessary in order to determine an optimal strategy of adaptation to climate change. In this paper we develop an economic framework for the study of adaptation which allows us to distinguish between decentralized adaptation by...