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Estimating the Amenity Costs of Global Warming in Brazil: Getting the Most from Available Data

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  • Timmins, Christopher

Abstract

This paper develops a theoretically consistent technique for valuing non-marketed local attributes using compensating income differentials in the absence of housing market data. The individual's indirect utility function is identified with aggregate data describing equilibrium location decisions, and this function is used in place of the unidentified equation describing how housing prices are determined. The model is used to value climate amenities in Brazil, where such data problems are prevalent. Similar problems arise in other developing countries, particularly when one looks outside of the largest cities.

Suggested Citation

  • Timmins, Christopher, 1999. "Estimating the Amenity Costs of Global Warming in Brazil: Getting the Most from Available Data," Center Discussion Papers 28491, Yale University, Economic Growth Center.
    • Handle: RePEc:ags:yaleeg:28491
    DOI: 10.22004/ag.econ.28491
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    References listed on IDEAS

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    2. William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564, National Bureau of Economic Research, Inc.
    3. Cropper, Maureen L, et al, 1993. "Valuing Product Attributes Using Single Market Data: A Comparison of Hedonic and Discrete Choice Approaches," The Review of Economics and Statistics, MIT Press, vol. 75(2), pages 225-232, May.
    4. Getz, Malcom & Huang, Yuh-ching, 1978. "Consumer Revealed Preference for Environmental Goods," The Review of Economics and Statistics, MIT Press, vol. 60(3), pages 449-458, August.
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    Environmental Economics and Policy;

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