NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Sarah E. Anderson

University of California, Santa Barbara
Bren School of Environmental Science
and Management & Department of
Political Science
4510 Bren Hall
Santa Barbara, CA 93106

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NBER Working Papers and Publications

May 2018The Critical Role of Markets in Climate Change Adaptation
with Terry L. Anderson, Alice C. Hill, Matthew E. Kahn, Howard Kunreuther, Gary D. Libecap, Hari Mantripragada, Pierre Mérel, Andrew Plantinga, V. Kerry Smith: w24645
This paper summarizes and synthesizes the role of markets in facilitating climate change adaptation. It explains how market signals encourage adaptation through land markets. It also identifies impediments to critical market signals, provides related policy recommendations, and points to promising new technologies. Urban, coastal, and agricultural land markets provide effective signals of the emerging costs of climate change. These signals encourage adjustments by both private owners and by policy officials in taking preemptive action to reduce costs. In agriculture, they promote consideration of new cropping and tillage practices, seed types, timing, and location of production. They also stimulate use of new irrigation technologies. In urban areas, they motivate new housing constructi...

Published: SARAH E. ANDERSON & TERRY L. ANDERSON & ALICE C. HILL & MATTHEW E. KAHN & HOWARD KUNREUTHER & GARY D. LIBECAP & HARI MANTRIPRAGADA & PIERRE MÉREL & ANDREW J. PLANTINGA & V. KERRY SMITH, 2019. "THE CRITICAL ROLE OF MARKETS IN CLIMATE CHANGE ADAPTATION," Climate Change Economics, vol 10(01).

 
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