Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/214297 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
CREMA Working Paper No. 2004-11
Verlag: 
Center for Research in Economics, Management and the Arts (CREMA), Basel
Zusammenfassung: 
This paper discusses a novel approach to elicit people's preferences for public goods, namely the life satisfaction approach. Reported subjective well-being data are used to directly evaluate utility consequences of public goods. The strengths of this approach are compared to traditional approaches and identification issues are addressed. Moreover, it is applied to estimate utility losses caused by terrorist activities in France, the UK and the Republic of Ireland. Terrorism in these countries depresses life satisfaction in a sizeable and robust way. However, the calculation of the trade-off between terrorism and income requires improved measurement of the marginal utility of income.
Schlagwörter: 
life satisfaction approach
non-market valuation
cost-benefit analysis
subjective well-being
and terrorism
JEL: 
D61
D74
H41
H56
I31
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
553.34 kB





Publikationen in EconStor sind urheberrechtlich geschützt.