The propensity to adaptation under the new era of climate changes

Ary José A. de Souza-Jr. and Flávio Terto

No 2021/0167, Working Papers REM from ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa

Abstract: Decision utility or experienced utility: which one of them helps us better understand how it will occur the process to the adaptation of behavior’s consumer regarding the impact of climate change? This paper argues how each one of the aforementioned concepts most may affect the consumer’s routine as “decision-makers”, within the context that disturbances and scarcity must narrow their available options. For this, we use the individual’s choice reported in the 8th wave of European Social Survey, based on the choice-oriented perspective, which establishes a link between well-being and the propensity to adapt within this scenario. For this, an ordered logit model is applied upon environmental and socio-economic variables. In the end, our findings are consistent with a strong presence of rationality in the decision process towards adaptation.

Date: 2021-03
New Economics Papers: this item is included in nep-dcm, nep-env and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:ise:remwps:wp01672021

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