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Abstract

Adaptation to climate change in agriculture is a key goal in order to mitigate its effects. The Ricardian method has been used extensively to account for adaptation within impact assessment. Yet, it follows the relatively strict assumption of farms being fully adapted to climate. Building on upcoming evidence of potential limitations of adaptation we relax this assumption and analyse climate change adaptation at the farm-level. Our findings overall depict under-adaptation to climate change of Austrian farms and therefore contradict the concept of full adaptation. Full paper is submitted elsewhere.

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