If you cannot take the heat, get out of the cerrado... Recovering the equilibrium amenity cost of nonmarginal climate change in Brazil
Abstract
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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Journal articlePermalink
https://hdl.handle.net/10161/2036Published Version (Please cite this version)
10.1111/j.1467-9787.2007.00497.xPublication Info
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.This is constructed from limited available data and may be imprecise. To cite this
article, please review & use the official citation provided by the journal.
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Show full item recordScholars@Duke
Christopher D. Timmins
Professor of Economics
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 Timmi

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