000			04057cam a22005297 4500
001			w24645
003			NBER
005			20211020104530.0
006			m o d
007			cr cnu||||||||
008			210910s2018 mau fo 000 0 eng d
100	1		_aAnderson, Sarah E.
245	1	4	_aThe Critical Role of Markets in Climate Change Adaptation / _cSarah E. Anderson, Terry L. Anderson, Alice C. Hill, Matthew E. Kahn, Howard Kunreuther, Gary D. Libecap, Hari Mantripragada, Pierre Mérel, Andrew Plantinga, V. Kerry Smith.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2018.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w24645
500			_aMay 2018.
520	3		_aThis 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 construction, elevation, and location away from harm. They channel more efficient use of water and its application to parks and other green areas to make urban settings more desirable with higher temperatures. To be effective, however, land markets must reflect multiple traders and prices must be free to adjust. Where these conditions are not met, land market signals will be inhibited and market-driven adaptation will be reduced. Because public policy is driven by constituent demands, it may not be a remedy. The evidence of the National Flood Insurance Program and federal wildfire response illustrates how politically difficult it may be to adjust programs to be more adaptive.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aQ1 - Agriculture _2Journal of Economic Literature class.
690		7	_aQ15 - Land Ownership and Tenure • Land Reform • Land Use • Irrigation • Agriculture and Environment _2Journal of Economic Literature class.
690		7	_aQ21 - Demand and Supply • Prices _2Journal of Economic Literature class.
690		7	_aQ22 - Fishery • Aquaculture _2Journal of Economic Literature class.
690		7	_aQ24 - Land _2Journal of Economic Literature class.
690		7	_aQ25 - Water _2Journal of Economic Literature class.
690		7	_aQ28 - Government Policy _2Journal of Economic Literature class.
690		7	_aQ51 - Valuation of Environmental Effects _2Journal of Economic Literature class.
690		7	_aQ54 - Climate • Natural Disasters and Their Management • Global Warming _2Journal of Economic Literature class.
690		7	_aR14 - Land Use Patterns _2Journal of Economic Literature class.
700	1		_aAnderson, Terry L.
700	1		_aHill, Alice C.
700	1		_aKahn, Matthew E.
700	1		_aKunreuther, Howard. _914669
700	1		_aLibecap, Gary D. _915295
700	1		_aMantripragada, Hari.
700	1		_aMérel, Pierre.
700	1		_aPlantinga, Andrew.
700	1		_aSmith, V. Kerry. _920936
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w24645.
856	4	0	_uhttps://www.nber.org/papers/w24645
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w24645
942			_2ddc _cW-PAPER
999			_c323477 _d282039