Katrin Rehdanz

Kiel University

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Richard S.J. Tol

Vrije Universiteit Amsterdam

David Maddison

University of Birmingham

Christine Bertram

Kiel Institute for the World Economy

Alvaro Calzadilla

University College London

Ulrich Schmidt

Heidelberg University

Christine Merk

Kiel Institute for the World Economy

Daiju Narita

The University of Tokyo

Wilfried Rickels

Kiel Institute for the World Economy

Jürgen Meyerhoff

Berlin School of Economics and Law

Maria Berrittella

University of Palermo

Cooperative Institutions

Kiel University

Kiel Institute for the World Economy

GEOMAR Helmholtz Centre for Ocean Research Kiel

Helmholtz Centre for Environmental Research

International University of Monaco

Universität Hamburg

Centre National de la Recherche Scientifique

Vrije Universiteit Amsterdam

Technische Universität Berlin

German Centre for Integrative Biodiversity Research

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Research Field

The Amenity Value of Climate to German Households

RePEc: Research Papers in Economics (2004)

Katrin Rehdanz David Maddison

This study uses the hedonic approach to measure the amenity value of climate in Germany. Unlike in earlier research separate hedonic wage and house price regressions are estimated for relatively small geographic areas and formal tests undertaken to determine whether the coefficients describing the impact of climate variables are homogenous across these areas. Evidence suggests that German households are compensated for climate amenities mainly through hedonic housing markets. Given that climate is largely unproductive to industry and few industries spend more on land than labour this is consistent with what theory would predict. Throughout Germany house prices are higher in areas with higher January temperatures, lower July temperatures and lower January precipitation. In East Germany wages are higher in areas with higher January precipitation. The full implicit price of climate variables however is very uncertain.

Amenity

Value (mathematics)

land values

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Citations (110)

Consumers' willingness to pay for green electricity: A meta-analysis of the literature

Energy Economics (2015)

Swantje Sundt Katrin Rehdanz

Contingent valuation

10.1016/j.eneco.2015.06.005

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Citations (197)

Shifting beach wrack composition in the SW Baltic Sea and its effect on beach use

Ecology and Society (2021)

Florian Weinberger Swantje Sundt Nadja Staerck Christine Merk Rolf Karez

Weinberger, F., S. Sundt, N. Staerck, C. Merk, R. Karez, and K. Rehdanz. 2021. Shifting beach wrack composition in the SW Baltic Sea and its effect on beach use. Ecology and Society 26(4):43. https://doi.org/10.5751/ES-12759-260443

Baltic sea

10.5751/es-12759-260443

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Citations (15)

Validity of Willingness to Pay Measures under Preference Uncertainty

RePEc: Research Papers in Economics (2016)

Carola Braun Katrin Rehdanz Ulrich Schmidt

Recent studies in the marketing literature developed a new method for eliciting willingness to pay (WTP) with an open-ended elicitation format: the Range-WTP method. In contrast to the traditional approach of eliciting WTP as a single value (Point-WTP), Range-WTP explicitly allows for preference uncertainty in responses. The aim of this paper is to apply Range- WTP to the domain of contingent valuation and to test for its theoretical validity and robustness in comparison to the Point-WTP. Using data from two novel large-scale surveys on the perception of solar radiation management (SRM), a little-known technique for counteracting climate change, we compare the performance of both methods in the field. In addition to the theoretical validity (i.e. the degree to which WTP values are consistent with theoretical expectations), we analyse the test-retest reliability and stability of our results over time. Our evidence suggests that the Range-WTP method clearly outperforms the Point-WTP method.

Contingent valuation

Robustness

Preference Elicitation

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Natural Hazards and Well-Being in a Small-Scale Island Society

Ecological Economics (2019)

Paul Lohmann Andreas Pondorfer Katrin Rehdanz

Natural hazard

10.1016/j.ecolecon.2018.12.023

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Citations (16)

Determinants of residential space heating expenditures in Great Britain

Energy Economics (2009)

Helena Meier Katrin Rehdanz

Sample (material)

Consumption

10.1016/j.eneco.2009.11.008

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Citations (189)

Estimating Benefits from Regional Amenities: Internal Migration and Life Satisfaction

SOEPpapers on Multidisciplinary Panel Data Research (2015)

Angela Faßhauer Katrin Rehdanz

This paper is the first to link economic theory with empirical life-satisfaction analyses referring to internal migration. We derive an extension of the Roback (1982) model to account for benefits from regional amenities in the utility function, while controlling for income, housing costs, and migration costs. Using highly disaggregated spatial panel information on people’s migration decisions and their life satisfaction for Germany, we provide an empirical investigation of the theoretical model by applying an individual fixed-effects model to rule out selection bias, while accounting for endogeneity of income. We find that short-term benefits from regional amenities represent about 21 percent of household income. These findings are robust to a number of alternative specifications.

Endogeneity

Internal migration

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Citations (1)

Metalliferous sediments in the Atlantis II Deep—Assessing the geological and economic resource potential and legal constraints

Resources Policy (2011)

Christine Bertram Anna Krätschell Killian O’Brien Warner Brückmann Alexander Proelß

Mineral resource classification

Economic potential

10.1016/j.resourpol.2011.09.001

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Citations (33)

Synergies and trade-offs between nature conservation and climate policy: Insights from the “Natural Capital Germany – TEEB DE” study

Ecosystem Services (2017)

Henry Wüstemann Aletta Bonn Christian Albert Christine Bertram Lisa Biber‐Freudenberger

Natural Capital

10.1016/j.ecoser.2017.02.008

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Citations (33)

WATER SCARCITY AND WORLD TRADE: A COMPUTABLE GENERAL EQUILIBRIUM APPROACH

Katrin Rehdanz Maria Berrittella Roberto Roson Richard S.J. Tol

Water problems are typically defined and studied at the level of the river catchment. Yet, 80% of all water is used for agriculture, and agricultural products are traded internationally. A complete understanding of water use is therefore impossible without understanding the international markets for food and other agricultural products, such as textiles. The water embedded in commodities is also called virtual water. Based on a general equilibrium model this study offers a method for investigating the role of water resources and water scarcity in the context of international trade by analysing virtual water flows. We run four alternative scenarios, some with variants. The first three scenarios are directly concerned with water resource policies. The first two scenarios are quantity scenarios. The third is a water pricing scenario. In the fourth scenario we consider a trade liberalization reform in the agricultural sector. Unlike the first three scenarios, the latter deals with trade policy in water-intensive industries.

Virtual water

Scarcity

Water use

Partial equilibrium

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Citations (1)