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| Lee, Sangjun; Thornsbury, Suzanne. |
| When assessing climate change impact, adaptation is an important behavioral response to reduce potential risk. But it has been widely recognized that there are barriers to adaptation. And attempts to estimate impacts may be biased when these barriers neglected. Potential barrier on adaptation decision from market structure have not been identified. We develop a theoretical model to evaluate adaptation incentives of farmers under climate change across various market structures. In agricultural production where acreage adjustment is costly, our theoretical model suggests that the “competition effect” plays an important role in determining incentives to adapt. The competition effect in the market may outweigh the production effect and reduce producer... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy; Industrial Organization; Resource /Energy Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/91258 |
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