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changes in some key characteristics of the Italian climate were undertaken. The hedonic price models were specified both in … empirical support to the hypothesis that amenity values for climate are embedded in residential property prices. Italians would … typically prefer a dryer, sunnier climate than at present, warmer in the winter and slightly cooler during the summer. The …
Persistent link: https://www.econbiz.de/10011608285
The use of environmental policy instruments such as eco-labelling and pesticide taxes should preferably be based on disaggregate estimates of the individuals' willingness to pay (WTP) for pesticide risk reductions. We review the empirical valuation literature dealing with pesticide risk exposure...
Persistent link: https://www.econbiz.de/10011324976
Valuing a change in the risk of death is a key input into the calculation of the benefits of environmental policies that save lives. Typically such risks are monetized using the Value of a Statistical Life (VSL). Because the majority of the lives saved by environmental policies are those of...
Persistent link: https://www.econbiz.de/10011324986
The paper focuses on the ongoing debate on non-market valuation, including the valuation environmental goods, and the opportunity to use contingent valuation for policy guidance. In fact, contingent valuation critics argue that reported willingness to pay answers do not reflect real economic...
Persistent link: https://www.econbiz.de/10011324992
Positive response density estimation from CV interval data affords efficiency gains which must be weighed against the risk of introducing potential bias during questions iteration. This study examines the effect of eliciting a third response on a set of often-used welfare measures derived in a...
Persistent link: https://www.econbiz.de/10011608419
The Dichotomous Choice Contingent Valuation Method can be used either in the single or double bound formulation. The former is easier to implement, while the latter is known to be more efficient. We analyse the bias of the ML estimates produced by either model, and the gain in efficiency...
Persistent link: https://www.econbiz.de/10011608474
. Climate change can be expected to have an effect on this attractiveness and will subsequently alter patterns of demand. An … study. Data on the climate, beach length and indicators of cultural, natural resource and economic attractiveness of the … destination countries are used in the regression analysis. Optimal climate values were calculated and a climate index was used to …
Persistent link: https://www.econbiz.de/10011324901
sunny yet mild climate, shun climes that are too hot or too cold. A country's tourists' aversion for poverty and distance … can be predicted by that country's average per capita income. The preferred holiday climate is the same for all tourists …, independent of the home climate. However, tourists from hotter climates have more pronounced preferences. …
Persistent link: https://www.econbiz.de/10010312467
This study uses the hedonic approach to measure the amenity value of climate in Germany. Unlike in earlier research … undertaken to determine whether the coefficients describing the impact of climate variables are homogenous across these areas …. Evidence suggests that German households are compensated for climate amenities mainly through hedonic housing markets. Given …
Persistent link: https://www.econbiz.de/10010312663
emission reductions but cooperates on the development of new, climate friendly technologies that reduce the costs of abatement …
Persistent link: https://www.econbiz.de/10010294333