Salvatore Di Falco|Marcella Veronesi
Managing Environmental Risk in Presence of Climate Change: The Role of Adaptation in the Nile Basin of Ethiopia
London School of Economics and Political Science|University of Geneva|University of Verona|ETH Zurich
study investigates impact climate change adaptation farm households downside risk exposure nile basin ethiopia analysis relies momentbased specification stochastic production function use empirical strategy accounts heterogeneity decision whether adapt unobservable characteristics farmers farm find past adaptation climate change reduces current downside risk exposure risk crop failure ii would beneficial nonadapters adapted terms reduction downside risk exposure iii successful risk management strategy makes adapters resilient climatic conditions