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4 juin 2009
- ISIDORE Id: 10670/1.ca2616...
- hal: hal-02757970
- PRODINRA: 29677
info:eu-repo/semantics/OpenAccess
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PREFERENCE CLIMATIQUESujets proches
Science of climate Climate Climate scienceCiter ce document
Jean Cavailhès et al., « The price of climate: revealed preferences of French consumers », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.ca2616...
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Résumé
We use the hedonic price method to study consumer preferences for climate (temperature, very hot or cold days, and rainfall) in France, a temperate country with varied climates. Data are for (i) individual attributes and prices of houses and workers and (ii) climate attributes interpolated from weather stations. We show that the French households value warmer temperatures while very hot days are a nuisance. Such climatic amenities are attributes of consumers’ utility function; nevertheless, global warming assessments by economists, such as the Stern Review Report (2006), ignore these climatic preferences. The social welfare assessment is changed when the direct consumption of climate is taken into account: from the estimated hedonic prices, we calculate that GDP rises by about 1% for a 1 °C rise in temperature.
