Planning and Environmental Policy Research Series Working Papers 2006 Valuing the Environment Using the Life-satisfaction Approach
نویسندگان
چکیده
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).
منابع مشابه
PLANNING AND ENVIRONMENTAL POLICY RESEARCH SERIES WORKING PAPERS 2005 Quality of life and location-specific amenities: a subjective well- being approach
In recent years, economists have started using socio-economic and socio-demographic characteristics to explain self-reported individual happiness or satisfaction with life. Using data disaggregated at the individual and regional level, this paper shows that while these variables are relevant, consideration of amenities such as climate, environmental and urban conditions, typically employed in h...
متن کاملPLANNING AND ENVIRONMENTAL POLICY RESEARCH SERIES WORKING PAPERS 2006 A Spatial Econometric Analysis of Well-being using a Geographical Information Systems Approach
In recent years, economists have being using socio-economic and socio-demographic characteristics to explain self-reported individual happiness or satisfaction with life. Using Geographical Information Systems (GIS), we employ data disaggregated at the individual and local level to show that while these variables are important, consideration of amenities such as climate, environmental and urban...
متن کاملEnvironmental planning and management of urban natural landscapes
Advantages of urbanization such as access to clean water, health, and overall easier life in cities, as well as the disadvantages or its negative effects on environment cannot be ignored. Today, there are numerous environmental problems due to the reduction in ecologically valuable places within urban areas. Bringing nature to the cities appears to be essential to enhance urban environment and ...
متن کاملNeighborhood Environment Quality Improvement with Community Participation Approach by Participation, Quantitative Strategic Planning Matrix (QSPM) (Case study: Cyrus Neighborhood, Tehran, Iran)
One of the mos t significant concerns of urban planners, at metropolitan cities, especially in old and worn out textures, is the reduction of the quality of life and the environment, so they are always seeking for a way to improve these qualities. Low level of available services and amenities, besides physical and social disorders, have caused numerous problems and have totally become as import...
متن کاملExplaining the components of urban space for the elderly with the approach of environmental psychology (Case study: District 8 of Shiraz)
Today, the number of elderly people is increasing due to various factors such as changing life expectancy and population distribution. On the other hand, this period of life requires special needs such as care and health to other external and environmental factors. The social phenomenon of the city is not separate from this population group, ie the elderly, and urban planners using environmenta...
متن کامل