Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - Wirtschaftswissenschaftliches Zentrum, Universität Basel - 2009
In many countries environmental policies and regulations are implemented to improveenvironmental quality and thus individuals’ well-being. However, how do individuals valuethe environment? In this paper, we review the Life Satisfaction Approach (LSA) representinga new non-market valuation...