ARE at AAEA: Jesus Arellano Gonzalez: Estimating climate change damages in data scarce and non-competitive settings: an application to Mexico
July 31, 2018
Time: 1–2:30 p.m. Monday, Aug. 6
Location: Washington Room 1
The Ricardian model, in which market land values are modeled as a function of climate, has been applied extensively in the context of emerging economies where its assumptions of perfect and complete markets for land and credit are not likely to hold. In this paper, I propose a shadow measure of land valuation that internalizes the market setting in which farmers make decisions. The use of this shadow measure in a Ricardian model also reduces concerns about omitted variable bias because it only reflects land productivity and is thus free of the off-farm unobserved factors confounding land market values.
*This is information about one of the 17 people from ARE with a presentation at the 2018 AAEA Annual Meeting Aug. 5–7 in Washington, D.C.
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