Costs of Adjustment to Climate Change
نویسندگان
چکیده
We thank Nancy Wallace for helpful comments and criticism.
منابع مشابه
Adjustment Costs from Environmental Change
The paper is concerned with the case whereby the distribution of a firm’s productivity shocks changes without the knowledge of the firm. Over time the firm learns about the nature and extent of the change in the distribution of the shock and adjusts, incurring adjustment costs in the process. The long run loss in profits (±) due to the shift in the distribution we term the equilibrium response....
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Climate change is one of the crucial factors, which threaten many sector such as agriculture, water resource for decades, and the sector is more sensitive to climatic conditions. Communities are the most vulnerable to the adverse impacts of climate change and variability because of their low adaptive capacity. One of the challenges of climate change and human spatial dimensions of climate...
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We thank Nancy Wallace for helpful comments and criticism.
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