This paper contributes to the normative literature on mitigation and adaptation by analyzing their optimal policy … substantive emission reductions, do not succeed. The policy balance is realigned from adaptation toward more mitigation, and the … responsiveness of mitigation to changes in adaptation decreases. Compared to a world without climate catastrophes, risk reduces the …

stimulate efficient adaptation and mitigation should not exclusively rely on the assumption of the homo oeconomicus, but take … outcomes. This paper systematically reviews what prospect theory can offer to analyse mitigation and adaptation. It is shown …-known puzzles in the climate debate, including (but not limited to) the different uptake of mitigation and adaptation amongst …

A strategy of inclusion of adaptation and mitigation expenses in a model of optimal growth under threat of climate … (even to extinction forever) and/or triggers a fundamental change of the economic structure. Mitigation expenses reduce the … long-run probability of a calamity or the speed of convergence to it; adaptation expenses help to improve the standard of …

mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. Their wildly different …

greenhouse gas emissions, mitigation, and adaptation.  …

dealing with mitigation and adaptation are mentioned.  …

widely unknown. Governments try to cope with these risks by investing in mitigation and adaptation measures. Mitigation aims … to the existing literature, we explicitly model the decision of risk-averse governments on mitigation and adaptation … at a reduction of greenhouse gas emissions whereas adaptation reduces the follow-up costs of climate change. In contrast …

costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level … for them. Including adaptation costs explicitly in the total environmental cost function allows one to characterize the … for cost benefit analysis of adaptation expenditures. …