If you cannot take the heat, get out of the cerrado... Recovering the equilibrium amenity cost of nonmarginal climate change in Brazil

Journal Article (Journal Article)

This paper presents an empirical technique for valuing large changes in nonmarketed local attributes (e.g., climate amenities) without data describing prices of locally traded commodities like housing. A model of endogenous sorting is used to identify individuals' indirect utility functions, from which the value of the change in the local attribute is recovered while accounting for equilibrium impacts on markets for labor and locally traded commodities. Annual amenity costs of Brazilian climate change are estimated to be between $1.6 and $8.1 billion for a moderate climate change scenario, depending upon the role of migration costs. © Blackwell Publishing, Inc. 2007.

Full Text

Duke Authors

Cited Authors

  • Timmins, C

Published Date

  • January 1, 2007

Published In

Volume / Issue

  • 47 / 1

Start / End Page

  • 1 - 25

Electronic International Standard Serial Number (EISSN)

  • 1467-9787

International Standard Serial Number (ISSN)

  • 0022-4146

Digital Object Identifier (DOI)

  • 10.1111/j.1467-9787.2007.00497.x

Citation Source

  • Scopus