Climate Change Policy: The Effect of Real Options Valuation on the Optimal Mitigation-Adaptation Balance

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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...

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Bibliographic Details
Main Authors:	Maybee, Bryan, Packey, Daniel, Ripple, Ronald
Format:	Journal Article
Published:	Economic Society of Australia 2012
Subjects:	real options mitigation climate change policy optimisation adaptation
Online Access:	http://onlinelibrary.wiley.com/doi/10.1111/j.1759-3441.2011.00158.x/pdf http://hdl.handle.net/20.500.11937/45171

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