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Microdata Sample (PUMS) to value climate amenities using both methods. We compare estimates of marginal willingness to pay (MWTP …), allowing preferences for climate amenities to vary by location. We find that mean MWTP for warmer winters is about twice as …
Persistent link: https://www.econbiz.de/10012919134
Persistent link: https://www.econbiz.de/10011802375
Microdata Sample (PUMS) to value climate amenities using both methods. We compare estimates of marginal willingness to pay (MWTP …), first assuming homogeneous tastes for climate amenities and then allowing preferences for climate amenities to vary by …
Persistent link: https://www.econbiz.de/10012453424
individual, with no restrictions on this heterogeneity in either the intercept or the slope. Using a rich panel dataset, we …
Persistent link: https://www.econbiz.de/10012969770
variation approach. We explore the feasibility of this approach in a different context, using large-scale panel data from …
Persistent link: https://www.econbiz.de/10012264228
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/10009743261
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/10014071898
This paper quantifies the marginal willingness to pay for a reduction of automobile traffic. By using a new structural approach in a hedonic framework by Bishop and Timmins 2019 we are able to avoid common issues in hedonic studies using instrumental variables. Our analysis is based on data from...
Persistent link: https://www.econbiz.de/10012487510
Persistent link: https://www.econbiz.de/10013341336
Economists often analyze cross-sectional data to estimate the value people implicit place on attributes of goods using hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals' willingness-to-pay (WTP) for changes in attribute...
Persistent link: https://www.econbiz.de/10008688857