|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||On the use of subjective well-being data for environmental valuation|
|Citation:||Ferreira S & Moro M (2010) On the use of subjective well-being data for environmental valuation, Environmental and Resource Economics, 46 (3), pp. 249-273.|
|Abstract:||This paper explores the potential of using subjective well-being (SWB) data to value environmental attributes. A theoretical framework compares this method, also known as the life-satisfaction approach, with the standard hedonic pricing approach, identifying their similarities and differences. As a corollary, we show how SWB data can be used to test for the equilibrium condition implicit in the hedonic approach (i.e., equality of utility across locations). Results for Ireland show that the equilibrium condition required by the hedonic pricing approach in Irish markets does not hold. They also show that air quality, in the baseline specification, andwarmer climate, across all the specifications, have a significant positive impact on SWB. Their associated monetary estimates, however, seem too large.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.|
|Affiliation:||University of Georgia|
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