Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/282845 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 16718
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
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 this review, we take stock of what we know, including recent developments, and what we still need to learn about this new approach. We first present a conceptual framework that clarifies the relationship between experienced preference and conventional valuation approaches. We then discuss key challenges for its empirical application and identify areas where additional research would be fruitful.
Schlagwörter: 
subjective well-being
life-satisfaction
happiness
experienced utility
non-market valuation
willingness to pay
public goods
JEL: 
Q51
I31
H41
Dokumentart: 
Working Paper

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