메뉴 건너뛰기




Volumn 31, Issue 2, 2012, Pages 216-224

Climate Change Policy: The Effect of Real Options Valuation on the Optimal Mitigation-Adaptation Balance

Author keywords

adaptation; C610; climate change policy; mitigation; optimisation; Q510; Q540; real options

Indexed keywords


EID: 84886390505     PISSN: 08120439     EISSN: 17593441     Source Type: Journal    
DOI: 10.1111/j.1759-3441.2011.00158.x     Document Type: Article
Times cited : (8)

References (14)
  • 1
    • 0001603924 scopus 로고
    • Evaluating Natural Resource Investments
    • Brennan, M. and Schwartz, E. (1985), ‘Evaluating Natural Resource Investments’, Journal of Business, 58 (2), 135–57.
    • (1985) Journal of Business , vol.58 , Issue.2 , pp. 135-157
    • Brennan, M.1    Schwartz, E.2
  • 2
    • 84892480854 scopus 로고    scopus 로고
    • ’, CCEP Working Paper 7.10, Centre for Climate Economics & Policy, Crawford School of Economics and Government,, The Australian National University, Canberra
    • Dobes, L. (2010), ‘Notes on Applying “Real Options” to Climate Change Adaptation Measures, With Examples from Vietnam’, CCEP Working Paper 7.10, Centre for Climate Economics & Policy, Crawford School of Economics and Government, The Australian National University, Canberra.
    • (2010) Notes on Applying “Real Options” to Climate Change Adaptation Measures, With Examples from Vietnam
    • Dobes, L.1
  • 3
    • 84868215871 scopus 로고    scopus 로고
    • National Bureau of Economic Research, Cambridge, MA
    • Harvey, C. (1999), Identifying Real Options. National Bureau of Economic Research, Cambridge, MA.
    • (1999) Identifying Real Options
    • Harvey, C.1
  • 4
    • 0000500321 scopus 로고
    • The Economics of Exhaustible Resources
    • Hotelling, H. (1931), ‘The Economics of Exhaustible Resources’, The Journal of Political Economy, 39 (2), 137–75.
    • (1931) The Journal of Political Economy , vol.39 , Issue.2 , pp. 137-175
    • Hotelling, H.1
  • 5
    • 41749105008 scopus 로고    scopus 로고
    • Summary for Policy Makers
    • (eds),, Contribution of Working Group II to the Fourth Assessment Report., Cambridge University Press, Cambridge, UK
    • IPCC (2007), ‘Summary for Policy Makers’, in Parry, M., Canaiani, O., Palutkof J., van der Linden P. and Hanson, C. (eds), Climate Change 2007: Impacts, Adaptation and Vulnerability. Contribution of Working Group II to the Fourth Assessment Report. Cambridge University Press, Cambridge, UK; 23pp. Available at: http://www.meteotrentino.it/clima/pdf/rapporti_meteo/IPCC_Impacts_Adaptation_and_Vulnerability.pdf.
    • (2007) Climate Change 2007: Impacts, Adaptation and Vulnerability , pp. 23pp
    • Parry, M.1    Canaiani, O.2    Palutkof, J.3    van der Linden, P.4    Hanson, C.5
  • 6
    • 0000658129 scopus 로고    scopus 로고
    • Nonrenewable Resource Scarcity
    • (December)
    • Krautkraemer, J. (1998), ‘Nonrenewable Resource Scarcity’, Journal of Economic Literature, XXXVI, 2065–107 (December).
    • (1998) Journal of Economic Literature , vol.XXXVI , pp. 2065-2107
    • Krautkraemer, J.1
  • 7
    • 85095667189 scopus 로고    scopus 로고
    • ’, Revised column produced by David Laughton Consulting Ltd. May 18
    • Laughton, D. (2005), ‘Market-Based Real Asset Valuation’, Revised column produced by David Laughton Consulting Ltd. May 18. 3pp. Available at: http://www.davidlaughtonconsulting.ca/docs/valuation.pdf.
    • (2005) Market-Based Real Asset Valuation
    • Laughton, D.1
  • 8
    • 84889097342 scopus 로고    scopus 로고
    • ’, Draft Paper May 10, The Center for International Science and Technology Policy,, George Washington University
    • Linquiti, P. and Vonortas, N. (2011), ‘Real Option Analysis as a Tool for Valuing Investments in Adaptation to Climate Change’, Draft Paper May 10, The Center for International Science and Technology Policy, George Washington University 39pp. Available at: http://www.gwu.edu/~iiep/adaptation/docs/Linquiti%20Vonortas%20Adaptation%20&%20ROs.pdf.
    • (2011) Real Option Analysis as a Tool for Valuing Investments in Adaptation to Climate Change
    • Linquiti, P.1    Vonortas, N.2
  • 9
    • 85095667929 scopus 로고
    • Continuous-Time Stochastic Models
    • Eatwell, J., Milgate, M., Newman, P, (eds)., W.W. Norton, New York, NY
    • Merton, R.C. (1989), ‘Continuous-Time Stochastic Models’, in The New Palgrave: Finance Eatwell, J., Milgate, M. and Newman, P. (eds). W.W. Norton, New York, NY; 103–9.
    • (1989) The New Palgrave: Finance , pp. 103-109
    • Merton, R.C.1
  • 10
    • 85095671894 scopus 로고    scopus 로고
    • ’, MIRARCO/Laurentian University Engineering Seminar Series (January 13). Laurentian University in Sudbury, Ontario, Canada
    • Samis, M. (2003), ‘Applying Advanced Financial Methods (Real Options) to Mine Valuation Problems’, MIRARCO/Laurentian University Engineering Seminar Series (January 13). Laurentian University in Sudbury, Ontario, Canada.
    • (2003) Applying Advanced Financial Methods (Real Options) to Mine Valuation Problems
    • Samis, M.1
  • 11
    • 85095669156 scopus 로고    scopus 로고
    • ’, ‘Actively Recognizing Cash Flow Uncertainty With the Net Present Value Calculation’, Mineral Economics and Management Society (MEMS) Newsletter, 31 (Winter), 13–19
    • Samis, M. and Davis, G. (2004), ‘Actively Recognizing Cash Flow Uncertainty Within the Net Present Value Calculation’, ‘Actively Recognizing Cash Flow Uncertainty With the Net Present Value Calculation’, Mineral Economics and Management Society (MEMS) Newsletter, 31 (Winter), 13–19.
    • (2004) Actively Recognizing Cash Flow Uncertainty Within the Net Present Value Calculation
    • Samis, M.1    Davis, G.2
  • 13
    • 51349106144 scopus 로고    scopus 로고
    • 2 Price Caps on Electricity Investments – A Real Options Analysis
    • 2 Price Caps on Electricity Investments – A Real Options Analysis’, Energy Policy, 36 (10), 3974–81.
    • (2008) Energy Policy , vol.36 , Issue.10 , pp. 3974-3981
    • Szolgayova, J.1    Fuss, S.2    Obersteiner, M.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.