Climate Change and Housing Prices: Hedonic Estimates for Ski Resorts in Western North America

被引：32

作者：

Butsic, Van ^{[1
]}

Hanak, Ellen ^{[2
]}

Valletta, Robert G. ^{[3
]}

机构：

[1] Univ Wisconsin, Dept Forestry & Wildlife Ecol, Madison, WI 53706 USA

[2] Publ Policy Inst California, San Francisco, CA USA

[3] Fed Reserve Bank San Francisco, San Francisco, CA USA

来源：

LAND ECONOMICS | 2011年 / 87卷 / 01期

关键词：

US AGRICULTURE; IMPACT;

D O I：

10.3368/le.87.1.75

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We apply a hedonic framework to estimate and simulate the impact of global warming on real estate prices near ski resorts in the western United States and Canada. Using data on housing values far selected U.S. Census tracts and individual home sales in four locations, combined with detailed weather data and characteristics of nearby ski resorts, we find precise and consistent estimates of positive snowfall effects on housing values. Sitnulations based on these estimates reveal substantial heterogeneity in the likely impact of climate change across regions, including large reductions in home prices near resorts where snow reliability already is low (JEL Q54, R21)

引用

页码：75 / 91

页数：17