If you cannot take the heat, get out of the cerrado... Recovering the equilibrium amenity cost of nonmarginal climate change in Brazil
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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.
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Timmins, C (2007). If you cannot take the heat, get out of the cerrado... Recovering the equilibrium amenity cost of nonmarginal climate change in Brazil. Journal of Regional Science, 47(1). pp. 1–25. 10.1111/j.1467-9787.2007.00497.x Retrieved from https://hdl.handle.net/10161/2036.
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Christopher D. Timmins
Christopher D. Timmins is a Professor in the Department of Economics at Duke University, with a secondary appointment in Duke’s Nicholas School of the Environment. He holds a BSFS degree from Georgetown University and a PhD in Economics from Stanford University. Professor Timmins was an Assistant Professor in the Yale Department of Economics before joining the faculty at Duke in 2004. His professional activities include teaching, research, and editorial responsibilities. Professor Timmins specializes in natural resource and environmental economics, but he also has interests in industrial organization, development, public and regional economics. He works on developing new methods for non-market valuation of local public goods and amenities, with a particular focus on hedonic techniques and models of residential sorting. His recent research has focused on measuring the costs associated with exposure to poor air quality, the benefits associated with remediating brownfields and toxic waste under the Superfund program, the valuation of non-marginal changes in disamenities, and the causes and consequences of "environmental injustice".
Professor Timmins is a research associate in the Environmental and Energy Economics group at the National Bureau of Economic Research, and has served as a reviewer for numerous environmental, urban, and applied microeconomics journals as well as governments agencies and foundations. He has served as a co-editor of the Journal of Environmental Economics and Management and as an editor of the Journal of the Association of Environmental and Resource Economists.
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