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Adjusting to Climate Change: Implications of Increased Variability and Asymmetric Adjustment Costs for Investment in Water Reserves

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  • Fisher, Anthony C.
  • Rubio, Santiago J.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 34 (1997)
Issue (Month): 3 (November)
Pages: 207-227

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Handle: RePEc:eee:jeeman:v:34:y:1997:i:3:p:207-227

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Web page: http://www.elsevier.com/locate/inca/622870

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References

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  1. Tsur, Yacov & Graham-Tomasi, Theodore, 1991. "The buffer value of groundwater with stochastic surface water supplies," Journal of Environmental Economics and Management, Elsevier, vol. 21(3), pages 201-224, November.
  2. Arrow, Kenneth J & Fisher, Anthony C, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, MIT Press, vol. 88(2), pages 312-19, May.
  3. Fisher, Anthony C & Hanemann, W Michael, 1990. " Information and the Dynamics of Environmental Protection: The Concept of the Critical Period," Scandinavian Journal of Economics, Wiley Blackwell, vol. 92(3), pages 399-414.
  4. Andrew B. Abel, 1988. "Consumption and Investment," NBER Working Papers 2580, National Bureau of Economic Research, Inc.
  5. Pindyck, Robert S, 1982. "Adjustment Costs, Uncertainty, and the Behavior of the Firm," American Economic Review, American Economic Association, vol. 72(3), pages 415-27, June.
  6. Tsur Yacov & Zemel Amos, 1995. "Uncertainty and Irreversibility in Groundwater Resource Management," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 149-161, September.
  7. Knapp Keith C. & Olson Lars J., 1995. "The Economics of Conjunctive Groundwater Management with Stochastic Surface Supplies," Journal of Environmental Economics and Management, Elsevier, vol. 28(3), pages 340-356, May.
  8. Scheinkman, Jose A & Schechtman, Jack, 1983. "A Simple Competitive Model with Production and Storage," Review of Economic Studies, Wiley Blackwell, vol. 50(3), pages 427-41, July.
  9. Rubio, Santiago J., 1992. "Adjustment costs, uncertainty, and the theory of investment: the case of non-renewable natural resources," Journal of Environmental Economics and Management, Elsevier, vol. 23(2), pages 139-153, September.
  10. Abel, Andrew B, 1983. "Optimal Investment under Uncertainty," American Economic Review, American Economic Association, vol. 73(1), pages 228-33, March.
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Cited by:
  1. Olivier Deschenes & Charles Kolstad, 2011. "Economic impacts of climate change on California agriculture," Climatic Change, Springer, vol. 109(1), pages 365-386, December.
  2. Heuson, Clemens & Gawel, Erik & Gebhardt, Oliver & Hansjürgens, Bernd & Lehmann, Paul & Meyer, Volker & Schwarze, Reimund, 2012. "Ökonomische Grundfragen der Klimaanpassung: Umrisse eines neuen Forschungsprogramms," UFZ Reports 02/2012, Helmholtz Centre for Environmental Research (UFZ).
  3. Heuson, Clemens & Gawel, Erik & Gebhardt, Oliver & Hansjürgens, Bernd & Lehmann, Paul & Meyer, Volker & Schwarze, Reimund, 2012. "Fundamental questions on the economics of climate adaptation: Outlines of a new research programme," UFZ Reports 05/2012, Helmholtz Centre for Environmental Research (UFZ).
  4. Bhaduri, Anik & Manna, Utpal & Barbier, Edward B. & Liebe, Jens, 2009. "Cooperation in transboundary water sharing under climate change," Discussion Papers 51303, University of Bonn, Center for Development Research (ZEF).
  5. Jeffrey O’Hara & Konstantine Georgakakos, 2008. "Quantifying the Urban Water Supply Impacts of Climate Change," Water Resources Management, Springer, vol. 22(10), pages 1477-1497, October.
  6. Robert Deacon & Charles Kolstad & Allen Kneese & David Brookshire & David Scrogin & Anthony Fisher & Michael Ward & Kerry Smith & James Wilen, 1998. "Research Trends and Opportunities in Environmental and Natural Resource Economics," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(3), pages 383-397, April.
  7. Anastasios Xepapadeas & Catarina Roseta-Palma, 2013. "Instabilities and robust control in natural resource management," Portuguese Economic Journal, Springer, vol. 12(3), pages 161-180, December.
  8. Catarina Roseta Palma, 2004. "Conjunctive use of surface water and groundwater with quality considerations," Working Papers de Economia (Economics Working Papers) 13, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
  9. Stergios Athanassoglou & Glenn Sheriff & Tobias Siegfried & Woonghee Tim Huh, 2011. "Optimal Mechanisms for Heterogeneous Multi-cell Aquifers," Working Papers 2011.28, Fondazione Eni Enrico Mattei.
  10. Marita Laukkanen & Phoebe Koundouri, . "Competition versus coopertion in groundwater extraction: A stochastic framework with heteregoneous agents," DEOS Working Papers 0604, Athens University of Economics and Business.
  11. S. Rehana & P. Mujumdar, 2014. "Basin Scale Water Resources Systems Modeling Under Cascading Uncertainties," Water Resources Management, Springer, vol. 28(10), pages 3127-3142, August.

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