Valuing the environment using the life-satisfaction approach

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Show simple item record Ferreira, S. (Susana) Moro, Mirko Clinch, J. Peter 2009-02-19T17:07:21Z 2009-02-19T17:07:21Z Copyright S. Ferreira, M. Moro and J. P. Clinch (2006) en 2006-05
dc.identifier.issn 1649-5586
dc.description.abstract This paper presents a comprehensive theoretical and methodological framework clarifying the relationship between non-market environmental valuation techniques, in particular hedonic and life-satisfaction methods. The paper shows how life satisfaction scores can be used to test correctly the equilibrium condition in location markets required by the hedonic approach and that in the absence of equilibrium, the life-satisfaction approach is still a theoretically valid valuation technique. Valuation using the life-satisfaction approach suffers from caveats associated with the cardinalisation of utility, however. Using data from Ireland, we apply this framework to the valuation of amenities linked to respondents’ dwelling areas using Geographic Information Systems (GIS). en
dc.format.extent 582109 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Geography, Planning and Environmental Policy en
dc.relation.ispartofseries Planning and Environmental Policy Research Series en
dc.relation.ispartofseries PEP/06/05 en
dc.subject Environmental valuation en
dc.subject Life satisfaction en
dc.subject Well-being en
dc.subject Subjective well-being en
dc.subject.lcsh Valuation en
dc.subject.lcsh Satisfaction en
dc.subject.lcsh Well-being--Ireland en
dc.title Valuing the environment using the life-satisfaction approach en
dc.type Working Paper en
dc.internal.authorurl S. (Susana) Ferreira (web page) en
dc.internal.authorurl en
dc.internal.authorurl J. Peter Clinch (web page) en
dc.internal.authorurl en
dc.internal.authorid UCD0028 en
dc.internal.authorid UCD0035 en
dc.internal.availability Full text available en
dc.internal.webversions en
dc.status Not peer reviewed en
dc.neeo.contributor Clinch|J. Peter|aut|UCD0035
dc.neeo.contributor Ferreira|S. (Susana)|aut|UCD0028
dc.neeo.contributor Moro|Mirko|aut|

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