The amenity value of climate change across different regions in the United States

Gregmar Galinato () and Pitchayaporn Tantihkarnchana

Applied Economics, 2018, vol. 50, issue 37, 4024-4039

Abstract: This article estimates the effect of climatic variables on house prices near ski resorts in different regions in the United States. We find that among the climate variables we test, average winter temperature has the most significant and robust effect where an increase in this climate variable increases house prices near ski resorts at a decreasing rate. At the mean average winter temperature levels, an increase in average winter temperature reduces housing prices for all regions except the Northeast. The consumer surplus from projected average winter temperature changes is negative across all regions and the largest negative effects are in the Midwest and Mountain regions.

Date: 2018
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Working Paper: The Amenity Value of Climate Change Across Different Regions in the United States (2015)
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DOI: 10.1080/00036846.2018.1441507

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