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• W3123443321 abstract "We investigate the impact of climatic change on welfare in European regions using a hedonic travel-cost framework and focusing on tourism demand. Our hedonic price estimations combine detailed hotel price information with tourism-specific travel cost estimations for each pair of EU region. This approach allows us to estimate different valuations of climate amenities depending on time duration of holidays. In our analysis of adaptation to climate change we therefore consider holiday duration as variable of adaptation. Our findings suggest that the rise in temperature in preferred destination choices during the summer season (i.e. southern EU) is likely to yield significant welfare losses. As a result European tourists are more likely to spend shorter (and more frequent) holidays and to diversify their destination choices in order to mitigate these losses." @default.
• W3123443321 created "2021-02-01" @default.
• W3123443321 creator A5063215353 @default.
• W3123443321 creator A5065108573 @default.
• W3123443321 date "2014-02-01" @default.
• W3123443321 modified "2023-09-27" @default.
• W3123443321 title "Climate Amenities and Adaptation to Climate Change: A Hedonic-Travel Cost Approach for Europe" @default.
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• W3123443321 doi "https://doi.org/10.22004/ag.econ.165790" @default.
• W3123443321 hasPublicationYear "2014" @default.
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