Economic valuation is widely used in OECD countries as a way of assessing the (usually monetary) value of goods that have no markets. In the rural context, valuation methods are used to argue for or against projects and policy choices in areas as diverse as agricultural support policies, local...

An adequate theory of happiness or subjective well-being (SWB) needs to link at least three sets of variables: stable person characteristics (including personality traits), life events and measures of well-being (life satisfaction, positive affects) and ill-being (anxiety, depression, negative...

In this paper it is argued that subjective well-being of the individual depends on two types of variables. The first type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables consists of the characteristics of the individuals...