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dc.contributor.authorFrey, Bruno S.en_US
dc.contributor.authorLuechinger, Simonen_US
dc.contributor.authorStutzer, Aloisen_US
dc.date.accessioned2009-11-17en_US
dc.date.accessioned2010-05-14T08:19:53Z-
dc.date.available2010-05-14T08:19:53Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30462-
dc.description.abstractIn many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals’ well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation technique. The LSA builds on the recent development of subjective well-being research in economics and takes measures of reported life satisfaction as an empirical approximation to individual welfare. Micro-econometric life satisfaction functions are estimated taking into account environmental conditions along with income and other covariates. The estimated coefficients for the environmental good and income can then be used to calculate the implicit willingness-to-pay for the environmental good.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2836en_US
dc.subject.jelQ51en_US
dc.subject.jelI31en_US
dc.subject.jelD61en_US
dc.subject.jelQ53en_US
dc.subject.ddc330en_US
dc.subject.keywordlife satisfaction approachen_US
dc.subject.keywordsubjective well-beingen_US
dc.subject.keywordnon-market valuationen_US
dc.subject.keywordcost-benefit analysisen_US
dc.subject.keywordair pollutionen_US
dc.subject.stwUmweltbelastungen_US
dc.subject.stwUmweltschutzen_US
dc.subject.stwKosten-Nutzen-Analyseen_US
dc.subject.stwLebenszufriedenheiten_US
dc.subject.stwLebensqualitäten_US
dc.subject.stwWillingness to payen_US
dc.subject.stwTheorieen_US
dc.titleThe life satisfaction approach to environmental valuationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn612915840en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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