This article proposes a proactive approach for analyzing agricultural adaptation to climate change based on a structural land-use model wherein farmers maximize profit by allocating their land between crop-technology bundles. The profitability of the bundles is a function of four technological...

This article proposes a proactive approach for analyzing agricultural adaptation to climate change wherein agricultural production technologies are regarded as potential targets of research and development (R&D) efforts. We develop a structural land-use model wherein farmers maximize profit by...

We develop an empirical farmland allocation model based on explicit profit functions that is linked to a market demand model. The model accounts for corner solutions, enabling estimation with disaggregated data, and thereby allows treating prices as exogenous. The integrated model enables...