This paper presents an analytical framework to study the
economics of adaptation to climate change, reviews the alternative
methodologies that have been used to measure adaptation, and briefly summarizes
the empirical results. The paper concludes with some general guidance for
policy makers on climate adaptation and with some observations of promising
areas for additional research.
Massetti, E., R. Mendelsohn and S. Chonabayashi. 2015. "How Well Do Degree Days over the Growing Season Capture the Effect of Climate on Farmland Values?"