Optimal adaptation to uncertain climate change

DOI10.1016/j.jedc.2023.104621zbMath1518.91310OpenAlexW4321793558MaRDI QIDQ6111410

Graeme Guthrie

Publication date: 6 July 2023

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2023.104621

zbMATH Keywords

cost-benefit analysisclimate change adaptationreal options analysis

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Operator splitting methods for pricing American options under stochastic volatility
• Repeated real options: optimal investment behaviour and a good rule of thumb
• Managing risks from climate impacted hazards -- the value of investment flexibility under uncertainty
• Operator splitting methods for American option pricing.
• Adaptation to climate change: extreme events versus gradual changes
• Brownian Models of Performance and Control

This page was built for publication: Optimal adaptation to uncertain climate change