Micro-Behavioral Economics of Global Warming - Modeling Adaptation Strategies in Agricultural and Natural Resource Enterprises (Hardcover, 2015 ed.)

This book presents a foundation for studying the micro-behavioral economics of global warming. The author develops an empirical model, named the Geographically-scaled Micro econometric model of Adapting Portfolios (G-MAP) in response to climatic changes and risks. The G-MAP model is applied to observed decisions of agricultural and natural resource enterprises in Sub-Saharan Africa and South America. The author describes the five applications of the model: the G-MAP animal species, the G-MAP agricultural systems, the G-MAP natural resource enterprises, the G-MAP climate risk, and the G-MAP public adaptations. The micro-behavioral economics of global warming and the G-MAP models are evaluated against the three alternative modeling traditions: The first is the Agro-Economic Models (AEM) based on crop simulations of selected crops under elevated CO2 conditions; The second is a family of econometric studies of grain yield changes caused by yearly weather fluctuations; The third is the Agro-Ecological Zone (AEZ) method hinged crucially on the AEZ classifications of ecosystems. The author offers a refreshing look at the traditional economics of global warming, unraveling a broad array of adaptation strategies adopted by managers of agricultural and natural resource enterprises in Sub-Saharan Africa and South America. The book demonstrates that the micro-behavioral economics dynamically integrates multiple disciplines in a cohesive way - including economics, psychology, climate science, ecosystem studies, agronomy and animal science - into the decision-making framework of an individual agent. The G-MAP models provide a guide map of adaptation strategies for the humanity's enduring journey of battling global climatic changes in this century and beyond.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	Advances in Global Change Research, 60
Release date:	April 2015
First published:	2015
Authors:	S. Niggol Seo
Dimensions:	235 x 155 x 11mm (L x W x T)
Format:	Hardcover
Pages:	102
Edition:	2015 ed.
ISBN-13:	978-3-319-15945-4
Categories:	Books > Business & Economics > Economics > General Books > Business & Economics > Industry & industrial studies > Primary industries > Agriculture & related industries Books > Earth & environment > The environment > Pollution & threats to the environment > Global warming Books > Earth & environment > The environment > Environmental economics > General
LSN:	3-319-15945-3
Barcode:	9783319159454

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