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A growing literature in economics uses subjective well-being data collected in surveys as a proxy for utility. Environmental economists have combined these data with the public goods experienced by respondents using a novel non-market valuation approach: the experienced preference approach. In...
Persistent link: https://www.econbiz.de/10014454771
This paper estimates the monetary value of cutting PM2.5, a dominant source of air pollution in China. By matching hedonic happiness in a nationally representative survey with daily air quality data according to exact dates and locations of interviews in China, we are able to estimate the...
Persistent link: https://www.econbiz.de/10011497267
. Subjective well-being is measured as global life satisfaction. To measure the impact of chronic pain in a manner independent of …
Persistent link: https://www.econbiz.de/10012840797
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In a 'smart' electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve efficiency. But coordination enables whoever controls such resources to exercise market power. The paper establishes the following efficiency rankings of market structures:...
Persistent link: https://www.econbiz.de/10012264228
Using information on life satisfaction and crime from the European Social Survey, we apply the life satisfaction … reduce life satisfaction across Europe. Building upon these results, we quantify the monetary value of improvements in public … safety and its valuation in terms of individual well-being. The loss in satisfaction for victimized individuals corresponds …
Persistent link: https://www.econbiz.de/10011436848
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. This new book offers a rigorous state-of-the-art evaluation of the theoretical and statistical issues central to the …
Persistent link: https://www.econbiz.de/10014473918
individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction …-being research in economics and takes measures of reported life satisfaction as an empirical approximation to individual welfare …. Micro-econometric life satisfaction functions are estimated taking into account environmental conditions along with income …
Persistent link: https://www.econbiz.de/10003897543