Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/203411 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 569
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
Economic analysis often faces challenges in the valuation of nonmarket goods and services. The traditional set of nonmarket valuation tools for measuring Marshallian economic surplus has limitations related to potential bias in stated preferences and endogeneity of nonmarket amenity placement in revealed preference studies. The life satisfaction approach offers a Hicksian compensating variationbased alternative, which uses self-reported subjective well-being to calculate the marginal rate of substitution of income for nonmarket amenities or services. The conceptual basis for the approach is explained and illustrated with an example from Iloilo, Philippines. Recommendations are offered for future application of the technique in the economic analysis of investment projects.
Schlagwörter: 
economic analysis
life satisfaction
natural disasters
Philippines
valuation
well-being
JEL: 
D61
D69
D90
H40
Q51
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Dokumentart: 
Working Paper

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