The household production function approach to valuing climate: the case of Japan.

Maddison, D., Rehdanz, Katrin and Narita, D. (2013) The household production function approach to valuing climate: the case of Japan. Climatic Change, 116 (2). pp. 207-229. DOI 10.1007/s10584-012-0478-5.

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According to household production function theory households combine marketed goods and nonmarket environmental goods to produce service flows of direct value to the household. This readily explains why, as an input to household production activities, households might have preferences over the climate. Using techniques more frequently employed to account for differences in the demographic composition of households we use household production function theory to estimate climate equivalence scales using household expenditure data drawn from 51 Japanese cities over the period 2000–2009. Our results indicate that warmer temperatures result in a small but statistically highly significant reduction in the cost of living. Combining these estimates with climate change scenarios associated with the IPCC A2, A1B, and B1 emissions scenarios other things being equal points to a slight reduction in Japanese households’ cost of living.

Document Type: Article
Additional Information: Times Cited: 0 Maddison, David Rehdanz, Katrin Narita, Daiju
Keywords: Climate Change Scenario, Service Flow, Compensate Surplus, Household Expenditure Survey, Linear Expenditure System
Research affiliation: Kiel University
OceanRep > The Future Ocean - Cluster of Excellence
Refereed: Yes
Open Access Journal?: No
DOI etc.: 10.1007/s10584-012-0478-5
ISSN: 0165-0009
Projects: Future Ocean
Date Deposited: 08 Jul 2014 09:32
Last Modified: 23 Sep 2019 22:08

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