This paper compares the optimal dynamic choices between policies of mitigation and adaptation for three economies: Brazil, Chile and the United States. The focus is on the optimal role of mitigation and adaptation for “environmentally small economies,” i.e., economies that are witnessing an...

This book is divided into seven parts: overview; methods of environmental policy analysis; economic analysis of environmental policy instruments; economics and technical change; natural resource economics - land and water; domestic climate change policy; and international climate change policy....