The economics of tropical cyclone adaptation
Laura Bakkensen and
Logan Blair
Chapter 2 in Handbook of Behavioral Economics and Climate Change, 2022, pp 33-62 from Edward Elgar Publishing
Abstract:
As tropical cyclones continue to devastate societies with their power and destruction, adaptation remains a cornerstone of public and private mitigation decisions. This chapter reviews key themes in the economics of tropical cyclone adaptation. The chapter begins with a review of the economic theory of both private and public adaptation with focus on decision insights from both rational choice theory and behavioral economics. The chapter then surveys themes and findings the empirical literature, including behavioral insights and public versus private adaptation, and includes real world examples of adaptation measures, strategies, and programs from around the world. The chapter concludes with research frontiers and key open questions for future research. As tropical cyclone losses are expected to grow significantly in the coming century due to both climate and socioeconomic change, understanding adaptation will continue to be key to mitigating losses and building more resilient communities for years to come.
Keywords: Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781800880740/9781800880740.00008.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20444_2
Ordering information: This item can be ordered from
http://www.e-elgar.com
Access Statistics for this chapter
More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().