Prins, Taco; Ploeg, Frederick van der; Bremer, Ton S. … - 2025
We analyse optimal investment in one of the most important forms of climate adaptation: flood protection. Investments … the level of flood protection for some time. Investment decisions must take into account both economic and sea level rise … tractable macro-finance DSGE model that includes flood risk. We obtain solutions for optimal flood protection as a function of …