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Tekijä: | Fisher, A. Rubio, S. |
Otsikko: | Adjusting to climate change: implications of increased variability and asymmetric adjustment costs for investment in water reserves |
Lehti: | Journal of Environmental Economics and Management
1997 : NOV, VOL. 34:3, p. 207-227 |
Asiasana: | CHANGE WATER RESOURCES INVESTMENT |
Kieli: | eng |
Tiivistelmä: | In this paper the authors study the determination of optimal water storage capacity in a region, taking into account that the supply of the resource, the flow into the reserve, is uncertain, that a measure of the uncertainty, the variance, is likely to increase with climate change, that building capacity is costly, and that the development of water resources may entail also environmental costs. |
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