A diagnostic approach to the institutional analysis of climate adaptation
Economics has a key role to play for understanding vulnerability and adaptation to climate change. However, economic approaches to climate adaptation are rarely articulated and discussed at a framework level. This article first reviews and critically assesses welfare economics approaches to climate adaptation and, secondly, develops a novel institutional economics approach to climate adaptation. Concepts and tools of welfare economics have contributed to assessments of benefits and costs of adaptation; outlined strategies for adaptation; identified responsibilities of the public sector and described policy instruments for adaptation. However, the neoclassical framing of collective action based on the concept of market failure seems too narrow to do analytical justice to the multitude of governance challenges associated with adaptation. Adaptation economics seems underequipped with analytical tools to study the role of institutions for climate adaptation. Therefore, an institutional economics approach to climate adaptation is developed and illustrated. This approach contributes to integrated economic analyses of climate adaptation in three major ways: First, by broadening the scope of climate adaptation economics; second, by delivering a diagnostic framework of climate adaptation that enables the analyst to explain adaptation processes in a systematic manner, synthesizes findings from a large number of research efforts, places particular research questions, governance problems and results in a broader context, and can guide the design of theoretical and empirical inquiries of climate adaptation; third, by offering research strategies and methods for developing generalisable and valid insights in the face of pronounced heterogeneity and diversity of climate adaptation.
|Date of creation:||2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +49 +761 / 203 2301
Fax: +49 +761 / 203 2303
Web page: http://www.wipo.uni-freiburg.de/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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).
- Gary D. Libecap, 2011. "Institutional Path Dependence in Climate Adaptation: Coman's "Some Unsettled Problems of Irrigation"," American Economic Review, American Economic Association, vol. 101(1), pages 64-80, February.
- Lecocq, Franck & Hallegatte, Stéphane & De Perthuis, Christian, 2011.
"Designing Climate Change Adaptation Policies : An Economic Framework,"
Economics Papers from University Paris Dauphine
123456789/7780, Paris Dauphine University.
- Hallegatte, Stephane & Lecocq, Franck & de Perthuis, Christian, 2011. "Designing climate change adaptation policies : an economic framework," Policy Research Working Paper Series 5568, The World Bank.
- Richard S. J. Tol, 2009. "The Economic Effects of Climate Change," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 29-51, Spring.
- Roger Congleton, 2006. "The story of Katrina: New Orleans and the political economy of catastrophe," Public Choice, Springer, vol. 127(1), pages 5-30, April.
- van den Bergh, Jeroen C. J. M., 2004. "Optimal climate policy is a utopia: from quantitative to qualitative cost-benefit analysis," Ecological Economics, Elsevier, vol. 48(4), pages 385-393, April.
- Paavola, Jouni & Adger, W. Neil, 2005. "Institutional ecological economics," Ecological Economics, Elsevier, vol. 53(3), pages 353-368, May.
- Klaus Eisenack & Rebecca Stecker, 2012. "A framework for analyzing climate change adaptations as actions," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 17(3), pages 243-260, March.
- W. J. Wouter Botzen & Jeroen C.J.M. van den Bergh, 2009. "Bounded Rationality, Climate Risks, and Insurance: Is There a Market for Natural Disasters?," Land Economics, University of Wisconsin Press, vol. 85(2), pages 265-278.
- William Shughart, 2006. "Katrinanomics: The politics and economics of disaster relief," Public Choice, Springer, vol. 127(1), pages 31-53, April.
- Barry Smit & Ian Burton & Richard Klein & J. Wandel, 2000. "An Anatomy of Adaptation to Climate Change and Variability," Climatic Change, Springer, vol. 45(1), pages 223-251, April.
- Oberlack, Christoph & Eisenack, Klaus, 2012. "Overcoming barriers to urban adaptation through international cooperation? Modes and design properties under the UNFCCC," The Constitutional Economics Network Working Papers 03-2012, .
- Stine Aakre & Dirk Rubbelke, 2010. "Objectives of public economic policy and the adaptation to climate change," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 53(6), pages 767-791.
- Fankhauser, Samuel & Smith, Joel B. & Tol, Richard S. J., 1999. "Weathering climate change: some simple rules to guide adaptation decisions," Ecological Economics, Elsevier, vol. 30(1), pages 67-78, July.
- Russell Sobel & Peter Leeson, 2006. "Government's response to Hurricane Katrina: A public choice analysis," Public Choice, Springer, vol. 127(1), pages 55-73, April.
- Ficre Zehaie, 2009. "The Timing and Strategic Role of Self-Protection," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 44(3), pages 337-350, November.
- Howard Kunreuther & Mark Pauly, 2006. "Rules rather than discretion: Lessons from Hurricane Katrina," Journal of Risk and Uncertainty, Springer, vol. 33(1), pages 101-116, September.
- Daniel Osberghaus & Astrid Dannenberg & Tim Mennel & Bodo Sturm, 2010. "The role of the government in adaptation to climate change," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 28(5), pages 834-850, October.
When requesting a correction, please mention this item's handle: RePEc:zbw:cenwps:012013. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.