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Über dieses Buch

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.

Inhaltsverzeichnis

Frontmatter

Chapter 1. Introduction to the Micro-behavioral Economics of Global Warming

Abstract
This chapter provides an introduction to the book which presents the Micro-Behavioral Economics of global warming with applications to adaptation decisions made by individuals who manage agricultural and natural resource enterprises in Sub-Saharan Africa and South America.
S. Niggol Seo

Chapter 2. The Theory of the Micro-behavioral Economics of Global Warming

Abstract
This chapter lays down the conceptual foundation for the micro-behavioral economics of global warming and describes its empirical model, the G-MAP (Geographically-scaled Microeconometric model of Adapting Portfolios in response to climate changes and risk) model.
S. Niggol Seo

Chapter 3. The G-MAP Models: Major Findings

Abstract
This chapter describes major findings from the G-MAP models applied to agricultural and natural resource enterprises in Sub-Sahara and South America. Five versions of the G-MAP model are explained: animal species, agricultural systems, natural resource enterprises, climate risk, and public adaptations.
S. Niggol Seo

Chapter 4. Agro-economic Models: Theory and Major Findings

Abstract
This chapter describes the conceptual framework and major findings from the Agro-economic Models (AEMs). The results are compared with the G-MAP models from the perspectives of adaptations to climate changes and the AEM’s capacity to model and capture them.
S. Niggol Seo

Chapter 5. Econometric Models of Yield Changes with Weather Shocks

Abstract
This chapter describes the methods and major findings from the econometric models of grain yield changes and/or weather fluctuations. The results from the econometric models are reconciled with those from the G-MAP models using the modeling capacities of the two methodologies to capture adaptation strategies.
S. Niggol Seo

Chapter 6. Micro-behavioral Decisions and Ecosystem Changes: A Multidisciplinary Integrated Framework

Abstract
This chapter presents the multidisciplinary characteristics of the micro-behavioral economics of global warming by coupling individuals’ decisions with ecosystem changes. In the second part of the chapter, the author provides a review of the AEZ-based (Agro-Ecological Zone) impact methodology and its limitations.
S. Niggol Seo

Chapter 7. Wading into the Century of Global Warming and Adaptation Strategies

Abstract
The final chapter looks ahead into the upcoming century of global warming and discusses the roles of the micro-behavioral economics in the humanity’s enduring struggles against the threats of global warming. The micro-behavioral studies of adaptation strategies and the G-MAP models will provide a guide map in the perilous journey ahead.
S. Niggol Seo

Backmatter

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