Bréchet, Thierry; Hritonenko, Natali; Yatsenko, Yuri - In: Environmental & Resource Economics 55 (2013) 2, pp. 217-243
The paper analytically explores the optimal allocation of investments into mitigation and environmental adaptation against climate change damages at a macroeconomic level. The economic-environmental model is formulated as a social planner problem where adaptation and abatement investments are...