It is well established that adaptation and technological investment in each case may serve as a commitment device in … global mitigation within a noncooperative framework where countries either decide on mitigation before or after adaptation …. By investment, which is assumed to be made in the first place due to its considerable lead time, countries commit to …

holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …

’ adaptation to the loss situation and, subsequently, whether this adaptation affects future investment decisions. As investors …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. … performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution …

The strategy of adaptation to climate change has become a central topic within the UNFCCC negotiations in recent years …. On the national level, adaptation plans are elaborated, and on the international level, the need for funding adaptation … in developing countries is discussed. This tendency shows that adaptation is likely to be advanced relative to mitigation …