Estimating the Amenity Costs of Global Warming in Brazil: Getting the Most from Available Data

Arbeitspapier

This paper develops a theoretically consistent technique for valuing non-marketed local attributes using compensating income differentials in the absence of housing market data. The individual's indirect utility function is identified with aggregate data describing equilibrium location decisions, and this function is used in place of the unidentified equation describing how housing prices are determined. The model is used to value climate amenities in Brazil, where such data problems are prevalent. Similar problems arise in other developing countries, particularly when one looks outside of the largest cities.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Center Discussion Paper ; No. 809

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions ; Economywide Country Studies: Latin America; Caribbean
• Subject: wage-hedonics ; discrete-choice analysis ; climate amenity ; global warming ; Klimawandel ; Hedonischer Preisindex ; Willingness to pay ; Wohnstandort ; Wohnungsmarkt ; Schätzung ; Brasilien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Timmins, Christopher
• Event: Veröffentlichung
• (who): Yale University, Economic Growth Center
• (where): New Haven, CT
• (when): 1999

Further information

• Handle: http://hdl.handle.net/10419/98387
• Last update: 10.03.2025, 11:41 AM CET