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Micro-Behavioral Economics of Global Warming

Modeling Adaptation Strategies in Agricultural and Natural Resource Enterprises

  • S. Niggol Seo

Part of the Advances in Global Change Research book series (AGLO, volume 60)

About this book

Introduction

This book presents a foundation for studying the micro-behavioral economics of global warming. The author develops an empirical model, named the Geographically-scaled Microeconometric 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.

Keywords

Adaptation to Climate Change Agricultural and Natural Resource Enterprises G-MAP Model Micro-Behavioral Economics of Global Warming Sub-Saharan Africa and South America

Authors and affiliations

  • S. Niggol Seo
    • 1
  1. 1.School of Ecology and Environmental StudiesNalanda UniversityRajgir, Dist: NalandaIndia

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-15946-1
  • Copyright Information Springer International Publishing Switzerland 2015
  • Publisher Name Springer, Cham
  • eBook Packages Earth and Environmental Science
  • Print ISBN 978-3-319-15945-4
  • Online ISBN 978-3-319-15946-1
  • Series Print ISSN 1574-0919
  • Series Online ISSN 2215-1621
  • Buy this book on publisher's site
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