This paper explores the potential of using subjective well-being (SWB) data to valueenvironmental attributes. A theoretical framework compares this method, also known as the lifesatisfaction approach, with the standard hedonic pricing approach, identifying their similarities and differences. As...

The first chapter demonstrates that although it is possible to design utility functions that behave like empirical well-being, the functional forms relying on income adaptation and social comparisons put forward in the happiness literature fail to receive empirical validation. Under the income...

Happiness research is a new, rapidly growing and provocative aspect of economic science. In fact, there are now over 1,800 published papers on the subject, and it might be said that the ‘dismal science’ has come to be obsessed with happiness. This research provides a number of interesting...

Research appears to demonstrate that economic variables are only marginally predictive of levels of social satisfaction. It was hypothesised that a greater association might be found between satisfaction and equality of income distribution rather than between satisfaction and size of income. The...

Die ?konomisch-empirische Zufriedenheitsforschung ist ein noch relativ junger Zweig der empirischen Wirtschaftsforschung, der Befragungsdaten zur individuellen, subjektiv empfundenen Zufriedenheit analysiert. Erste empirische Evidenz auf diesem Gebiet l?sst dabei Zweifel an der Pr?misse der...

An international wheat trade model incorporating climate variability is used to simulate different scenarios when wheat producers in the USA, Canada, and Australia adopt El Niño/Southern Oscillation (ENSO)-based climate forecasts for use in production decisions. Adoption timing and rates are...