MASSETTI, EMANUELE; MENDELSOHN, ROBERT - In: Climate Change Economics (CCE) 02 (2011) 04, pp. 301-319
Although the Ricardian model is a cross sectional method, there are advantages to estimating the model with additional years of data. For instance, with a panel, one can more easily separate events in a single year (e.g. weather and price shocks) from longer term phenomenon such as climate. Many...