Welsch, Heinz; Ferreira, Susana - In: International Review of Environmental and Resource Economics 7 (2014) 3-4, pp. 205-239
Recent years have seen a sharp increase in the use of subjective well-being data in environmental economics. This article discusses the conceptual underpinnings of using such data as a tool for preference elicitation and non-market valuation. Given the connection of those data to the notion of...