This paper investigates the factors that influence the change in passenger ski-lift transports between a normal winter and an anomalously mild winter based on individual lift and aggregate ski-area data. Special focus is placed on the return on investments in new ski lifts. Using endogenous...

Climate change is a major challenge for weather-dependent industries such as winter tourism. Existing climate change impact assessments largely do not consider seasonality of demand and snow conditions are usually included as binary variable (e.g. ski area open or closed). With this paper we...