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...

Tajikistan is classified by the World Bank as one of the CIS countries that are most vulnerable to climate change risks. This paper provides a closer look at a set of variables that determine Tajikistan’s vulnerability to risk in general and to climate change risk in particular. After...

Tajikistan is judged to be highly vulnerable to risk, including food insecurity risks and climate change risks. By some vulnerability measures it is the most vulnerable among all 28 countries in the World Bank’s Europe and Central Asia Region – ECA (World Bank 2009). The rural population,...

We study optimal adaptation to climate change when the harmful consequences of global warming are associated with stochastic occurrence of abrupt changes. The adaptation policy entails the accumulation of a particular sort of capital that will eliminate or reduce the catastrophic damage of an...

Environmental consequences of natural resource exploitation often entail threats of future occurrences of detrimental abrupt events rather than (or in addition to) inflicting a damage gradually. The possibility of abrupt occurrence of climate-change related calamities is a case in mind. The...