Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53323
Authors: 
Massetti, Emanuele
Mendelsohn, Robert
Year of Publication: 
2011
Series/Report no.: 
Nota di lavoro // Fondazione Eni Enrico Mattei: Climate Change and Sustainable Development Series 50.2011
Abstract: 
Many nonmarket valuation models, such as the Ricardian model, have been estimated using cross sectional methods with a single year of data. Although multiple years of data should increase the robustness of such methods, repeated cross sections suggest the results are not stable. We argue that repeated cross sections do not properly specify the model. Panel methods that correctly specify the Ricardian model are stable over time. The results suggest that many cross sectional methods including hedonic studies and travel cost studies could be enhanced using panel data.
Subjects: 
Climate Change
Impacts
Agriculture
JEL: 
Q1
Q12
Q51
Q54
Document Type: 
Working Paper

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