@techreport{vanPraag2007Perspectives,
abstract = {After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics. In Section 3 we consider the practical applicability of happiness economics, retaining the assumption of ordinal individual utilities. In Section 4 we introduce a cardinal utility concept, which seems to us the natural consequence of the happiness economics methodology. In Section 5 we sketch how this approach can lead to a normative approach to policy problems that is admissible from a positivist point of view. Section 6 concludes.},
address = {M\"{u}nchen},
author = {Bernard M. S. van Praag},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {B21; B41; D63; I31; I38; 330; Lebenszufriedenheit; Lebensqualit\"{a}t; Wirtschaftspolitik},
language = {eng},
number = {1912},
publisher = {CESifo},
title = {Perspectives from the happiness literature and the role of new instruments for policy analysis},
type = {CESifo working paper},
url = {http://hdl.handle.net/10419/25957},
year = {2007}
}
