Adaptation to climate change effects and competition between ports: Invest now or later?
Randrianarisoa, Laingo M. and Anming Zhang. “Adaptation to Climate Change Effects and Competition Between Ports: Invest Now or Later?” Transportation Research Part B: Methodological. 123. (2019): 279–322.
This paper examines the optimal size and timing for investment in adaptation to climate change effects for ports when under uncertainty in competitive markets. The findings provide valuable insight for port decision-makers seeking to better understand the ideal conditions for investment in disaster prevention.