Climate Change and Water Supply: Strategic Aspects of Adaptation Conflicts

Wolfgang Buchholz, Christiane Reif and Dirk Rübbelke
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Wolfgang Buchholz: University of Regensburg
Christiane Reif: Landshut University of Applied Sciences
Dirk Rübbelke: TU Bergakademie Freiberg

Chapter Chapter 6 in Foundations of Environmental Economics, 2024, pp 229-246 from Springer

Abstract: Abstract This chapter schematizesAdaptation conflicts climate policy by dividing it into two (three) main pillars: mitigationMitigation of climate changeClimate change, adaptationAdaptation to climate changeClimate change (and geoengineeringGeoengineering). The first main pillar, i.e., mitigationMitigation, covers approaches to avoid greenhouse gas emissionsGreenhouse gas emissions. The related policy instruments, such as taxation and emissionsEmissions trading, are the focus of Chap. 4 Advancing climate changeClimate change indicates an increasing need for adaptationAdaptation measures to cope with the impacts. As a result, the issue has gained prominence both in research and on the policy agenda. Thus, this chapter focuses on the second main pillar, i.e., adaptationAdaptation. In doing so, we confine the depiction largely on adaptationAdaptation in the water sectorWater sector and conflicts between involved agents. We extend the game theoretic analysis we conducted so far in this book from simultaneous move gamesSimultaneous move games to games with sequential moves. We compare outcomes of adaptation conflictsAdaptation conflicts played in sequential move gamesSequential move games distinguishing between situations of perfect and imperfect information.

Keywords: Mitigation; Adaptation; Geoengineering; Sequential games; Games in extensive form; Perfect and imperfect information; Water conflicts; First-mover advantages; Pillars of climate policy; Backward induction; Subgame perfect equilibrium; Game tree; Groundwater exploitation (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-3-031-63481-9_6

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