de Bruin, Kelly C.; Dellink, Rob B.; Tol, Richard S.J. - 2007
including adaptation in an IAM, thereby making the trade-offs between adaptation and mitigation visible. Specifically, a …-DICE model to derive the adaptation cost functions implicit in the DICE model. In our set-up, adaptation and mitigation decisions … costs is robust with respect to the mitigation policy scenarios. Our numerical results show that adaptation is a powerful …