caa a22 4500 467918651 CHVBK 20180406152910.0 cr unu---uuuuu 170328e20060201xx s 000 0 eng 10.1007/s10584-006-3486-5 doi (NATIONALLICENCE)springer-10.1007/s10584-006-3486-5 Rehdanz Katrin Research Unit Sustainability and Global Change, Hamburg University and Centre for Marine and Atmospheric Science, Hamburg, Germany aut Hedonic Pricing of Climate Change Impacts to Households in Great Britain [Elektronische Daten] [Katrin Rehdanz] This study investigates the amenity value of climate to British households. By using the hedonic price approach, the marginal willingness to pay for small changes in climate variables is derived. Various indices of temperature and precipitation are used including means, ranges, extremes and January and July averages. We specify one hedonic regression including information on house prices and wage data for 755 Posttowns and found the model containing January and July averages of temperature and precipitation most appropriate. The estimates suggest that British people would typically prefer higher temperatures in January. Increased precipitation in January is likely to reduce welfare. Changes in temperature and precipitation in July are not significant. Limited global warming, with a more pronounced effect of temperature increases compared to higher precipitation levels during winter months, might thus benefit British households. Springer Science + Business Media, Inc., 2006 Climatic Change Springer Netherlands 74/4(2006-02-01), 413-434 0165-0009 74:4<413 2006 74 10584 https://doi.org/10.1007/s10584-006-3486-5 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10584-006-3486-5 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Rehdanz Katrin Research Unit Sustainability and Global Change, Hamburg University and Centre for Marine and Atmospheric Science, Hamburg, Germany aut NATIONALLICENCE 773 0- Climatic Change Springer Netherlands 74/4(2006-02-01), 413-434 0165-0009 74:4<413 2006 74 10584 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer