Mendelsohn, Robert; Nordhaus, William D; Shaw, Daigee - In: American Economic Review 84 (1994) 4, pp. 753-71
The authors measure the economic impact of climate on land prices. Using cross-sectional data on climate, farmland prices, and other economic and geophysical data for almost 3,000 counties in the United States, they find that higher temperatures in all seasons except autumn reduce average farm...