Climate Change Policy: The Effect of Real Options Valuation on the Optimal Mitigation-Adaptation Balance
This paper illustrates the static optimisation strategies for climate change mitigation and adaptation using net marginal benefit analysis, and goes on to develop a dynamic optimisation solution using a modified Hotelling approach. Unfortunately, the situation required for a Hotelling-type optimisat...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Economic Society of Australia
2012
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| Subjects: | |
| Online Access: | http://onlinelibrary.wiley.com/doi/10.1111/j.1759-3441.2011.00158.x/pdf http://hdl.handle.net/20.500.11937/45171 |