by Kelly C. de Bruin and Rob B. Dellink
- The dominant assumption in economic models of climate policy remains that adaptation will be implemented in an optimal manner. There are, however, several reasons why optimal levels of adaptation may not be attainable. This paper investigates the effects of suboptimal levels of adaptation. Several adaptation restrictions are identified and then simulated in a revised DICE model, extended with adaptation (AD-DICE).
de Bruin, K.C. and R.B. Dellink (2009). "How Harmful are Adaptation Restrictions." FEEM Working Paper No. 58.09, August 2009.