New Estimates of Climate Demand: Evidence from Location Choice
利用人口普查数据开发了一种估计气候需求的新方法,基于支付意愿标准对生活质量进行排序,发现迁移方法比享乐方法得出更大的气候支付意愿估计,对评估全球变暖的经济影响有参考价值。
We develop and apply to Census data a new method for estimating climate demand. The method is useful for ranking quality of life based upon a willingness to pay criterion. Our two major findings are that the willingness to pay quality of life index is correlated with the hedonic approach's ranking but that the migration approach generates much larger estimates of willingness to pay for a more moderate climate. This finding is relevant for evaluating the economic impact of global warming.