the household production function approach to valuing climate the case of japan by david maddison katrin rehdanz and daiju narita no 1693 april 2011 kiel institute for the world economy ...
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...The household production function approach to valuing climate case of japan by david maddison katrin rehdanz and daiju narita no april kiel institute for world economy hindenburgufer germany working paper abstract according theory households combine marketed goods nonmarket environmental produce service flows direct value this readily explains why as an input activities might have preferences over using techniques more frequently employed account differences in demographic composition we use estimate equivalence scales expenditure data drawn from japanese cities period our results indicate that warmer temperatures result a small but statistically highly significant reduction cost living combining these estimates with change scenarios associated ipcc ab b emissions other things being equal points slight keywords consumer demand jel classification d q department economics university birmingham tt united kingdom telephone e mail ifw de christian albrechts olshausenstrasse responsibility c...