Browsing BC3 Journal Articles by Author "Markanday, A."
Now showing items 1-5 of 5
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A CRITICAL REVIEW of COST-BENEFIT ANALYSIS for CLIMATE CHANGE ADAPTATION in CITIES
Markanday, A.; Galarraga, I.; Markandya, A. (Climate Change Economics, 2019-11-01)his study systematically reviews the scientific literature (n=56) on cost-benefit analysis (CBA) of adaptation measures in cities and similar urban environments. The review is conducted to assess existing or proposed actions ... -
Accounting for the effects of employment, equity, and risk aversion in cost-benefit analysis: An application to an adaptation project
Markanday, A.; Markandya, A.; De Murieta, E. S.; Galarraga, I. (Journal of Benefit-Cost Analysis, 2021-06-01)This paper sets out to explore to what extent integrating employment effects, equity, and risk aversion within cost-benefit analysis (CBA) affect the economic appraisal of a climate change adaptation project designed to ... -
Determining discount rates for the evaluation of natural assets in land-use planning: An application of the Equivalency Principle
Markanday, A.; Galarraga, I.; Chiabai, A.; Sainz de Murieta Zugadi, Elisa; Lliso, B. (Elsevier, 2019)One of the most pressing issues when making decisions over long-term environmental problems is deciding on an appropriate discount rate. This can be a highly technical discussion. While some argue in favour of market rates, ... -
The cognitive and experiential effects of flood risk framings and experience, and their influence on adaptation investment behaviour
Markanday, A.; Galarraga, I. (Climate Risk Management, 2021-01-01)This study explores how decision makers invest in adaptation to protect against flood risks in response to a) different framings of flood risk information, and b) after experiencing losses from a hypothetical flood event. ... -
The power of impact framing and experience for determining acceptable levels of climate change-induced flood risk: a lab experiment
Markanday, A.; Kallbekken, S.; Galarraga, I. (Mitigation and Adaptation Strategies for Global Change, 2022-02-01)This study explores how individuals, when assuming the role of policymakers, determine acceptable levels of risk in response to (a) different framings of flood risk information and (b) after experiencing economic losses ...