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.

Lays a foundation for studying the micro-behavioral economics of global warming Offers practical climate adaptation guidelines for agricultural and natural resource practitioners, researchers and policy makers Provides detailed maps, figures and analyses of Sub-Saharan Africa and South America, the two regions most vulnerable to global warming Includes supplementary material: sn.pub/extras

Autorentext

S. Niggol Seo is a natural resource economist who specializes in the study of global warming and globally shared goods. Born in 1972, he received a PhD degree in environmental and natural resource economics from Yale University in 2006 and has been a professor in the UK, Spain, and Australia from 2006 to 2015. He previously worked on various World Bank projects on climate change in Africa, Latin America, and Asia. He received an Outstanding Applied Economic Perspectives and Policy Article Award from the Agricultural and Applied Economics Association in Pittsburgh in June 2011. He is currently at the Muaebak Institute of Global Warming Studies.

Inhalt
Chapter 1 Introduction to the Micro-Behavioral Economics of Global Warming.- Chapter 2 The Theory of the Micro-Behavioral Economics of Global Warming.- Chapter 3 The G-MAP Models: Major Findings.- Chapter 4 Agro-Economic Models: Theory and Major Findings.- Chapter 5 Econometric Models of Yield Changes with Weather Shocks.- Chapter 6 Micro-Behavioral Decisions and Ecosystem Changes: A Multidisciplinary Integrated Framework.- Chapter 7 Wading into the Century of Global Warming and Adaptation Strategies.