Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/45872 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Kiel Working Paper No. 1693
Verlag: 
Kiel Institute for the World Economy (IfW), Kiel
Zusammenfassung: 
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.
Schlagwörter: 
Consumer Demand
Household Production Function
Climate
Japan
JEL: 
D12
D13
Q51
Q54
Dokumentart: 
Working Paper

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