Valuing the environment using the life-satisfaction approach

Files in This Item:
File Description SizeFormat 
clinchp_workpap_008.pdf568.47 kBAdobe PDFDownload
Title: Valuing the environment using the life-satisfaction approach
Authors: Ferreira, S. (Susana)
Moro, Mirko
Clinch, J. Peter
Permanent link:
Date: May-2006
Abstract: This paper presents a comprehensive theoretical and methodological framework clarifying the relationship between non-market environmental valuation techniques, in particular hedonic and life-satisfaction methods. The paper shows how life satisfaction scores can be used to test correctly the equilibrium condition in location markets required by the hedonic approach and that in the absence of equilibrium, the life-satisfaction approach is still a theoretically valid valuation technique. Valuation using the life-satisfaction approach suffers from caveats associated with the cardinalisation of utility, however. Using data from Ireland, we apply this framework to the valuation of amenities linked to respondents’ dwelling areas using Geographic Information Systems (GIS).
Type of material: Working Paper
Publisher: University College Dublin. School of Geography, Planning and Environmental Policy
Series/Report no.: Planning and Environmental Policy Research Series; PEP/06/05
Copyright (published version): Copyright S. Ferreira, M. Moro and J. P. Clinch (2006)
Keywords: Environmental valuationLife satisfactionWell-beingSubjective well-being
Subject LCSH: Valuation
Other versions:
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Geography, Planning and Environmental Policy Working Papers & Policy Briefs

Show full item record

Google ScholarTM


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.