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Full-Text Articles in Physical Sciences and Mathematics
Protecting Energy Infrastructure Against The Uncertainty Of Future Climate Change: A Real Options Approach, Thomas Prime, Karyn Morrissey, Jennifer M. Brown, Andrew J. Plater
Protecting Energy Infrastructure Against The Uncertainty Of Future Climate Change: A Real Options Approach, Thomas Prime, Karyn Morrissey, Jennifer M. Brown, Andrew J. Plater
Journal of Ocean and Coastal Economics
The coastal impacts of climate change, including flooding and erosion due to storms and sea-level rise, and the possible adaptation responses have been studied using very different approaches; from very detailed site-specific, process-based investigations and interventions to global macroeconomic assessments of coastal zone vulnerability. This paper presents a flood defense real option analysis methodology that values potential investment decisions made in the building and maintaining of flood defenses around electricity infrastructure at local spatial scales for a large region. Real option analysis embraces uncertainty in future climate conditions and flexibility in the management of investment projects to produce a more …
Missing The Boat? Measuring And Evaluating Local Groundfish Purchases By New England Institutions, Jeffrey K. O'Hara, Loren Mcclenachan
Missing The Boat? Measuring And Evaluating Local Groundfish Purchases By New England Institutions, Jeffrey K. O'Hara, Loren Mcclenachan
Journal of Ocean and Coastal Economics
The development of local food markets has provided a critical economic opportunity for small farms in New England. The collapse of Gulf of Maine groundfish stocks has motivated an interest in developing similar marketing opportunities for wild-caught, locally abundant seafood. Institutions, particularly schools and colleges, have been identified as a strategic entry point in the supply chain for such products. However, there has been a dearth of research on this topic. We undertake a case study that evaluates purchases of local groundfish by schools and colleges in New England. First, we analyze recently developed secondary data to assess the propensity …