Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30439
Authors: 
Tulkens, Henry
van Steenberghe, Vincent
Year of Publication: 
2009
Series/Report no.: 
CESifo Working Paper 2781
Abstract: 
The usually assumed two categories of costs involved in climate change policy analysis, namely abatement and damage costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level for them. Including adaptation costs explicitly in the total environmental cost function allows one to characterize the optimal (cost minimizing) balance between the three categories, in statics as well as in dynamics. Implications are derived for cost benefit analysis of adaptation expenditures.
JEL: 
Q54
Q58
Document Type: 
Working Paper

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