Poor countries are more heavily affected by extreme weather events and future climate change than rich countries. This discrepancy is sometimes known as an adaptation deficit. This paper analyses the link between income and adaptation to climate events theoretically and empirically. We postulate...

The economic value of environmental goods is commonly determined using the concepts of willingness to pay (WTP) or willingness to accept (WTA). However, the WTP/WTA observed in different countries (or between individuals) will differ according to socio-economic characteristics, in particular...

Recommended readings (Machine generated): 1. Kenneth E. Boulding (1966), 'The Economics of the Coming Spaceship Earth', in Henry Jarrett (ed.), Environmental Quality In a Growing Economy, Chapter One, Baltimore, MD, USA and London, UK: Johns Hopkins Press, 3-14 -- 2. Herman E. Daly (1974), 'The...

Recommended readings (Machine generated): 1. Sam Fankhauser (2017), 'Adaptation to Climate Change', Annual Review of Resource Economics, 9, October, 209-30 -- 2. Matthew E. Kahn (2016), 'The Climate Change Adaptation Literature', Review of Environmental Economics and Policy, 10 (1), Winter,...