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Communication dans un congrès

The price of climate: revealed preferences of French consumers

Abstract : We use the hedonic price method to study consumer preferences for climate (temperature, very hot or cold days, and rainfall) in France, a temperate country with varied climates. Data are for (i) individual attributes and prices of houses and workers and (ii) climate attributes interpolated from weather stations. We show that the French households value warmer temperatures while very hot days are a nuisance. Such climatic amenities are attributes of consumers’ utility function; nevertheless, global warming assessments by economists, such as the Stern Review Report (2006), ignore these climatic preferences. The social welfare assessment is changed when the direct consumption of climate is taken into account: from the estimated hedonic prices, we calculate that GDP rises by about 1% for a 1 °C rise in temperature.
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Communication dans un congrès
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https://hal.inrae.fr/hal-02757970
Déposant : Migration Prodinra <>
Soumis le : jeudi 4 juin 2020 - 02:55:33
Dernière modification le : jeudi 17 septembre 2020 - 15:06:04

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  • HAL Id : hal-02757970, version 1
  • PRODINRA : 29677

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Jean Cavailhes, Daniel Joly, Hervé Cardot, Mohamed Hilal, Thierry Brossard. The price of climate: revealed preferences of French consumers. 26. Journées de Microéconomie Appliquée, Jun 2009, Dijon, France. ⟨hal-02757970⟩

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