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https://elibrary.tucl.edu.np/handle/123456789/5680| Title: | Potential Use of the Life Satisfaction Approach to Value Nonmarket Goods and Services |
| Authors: | ADB; Fernandez, Cheryl Joy; Raitzer, David A.; Ginting, Edimon |
| Issue Date: | Jan-2019 |
| Description: | This paper explains the life satisfaction approach to economic analysis and illustrates it with an example of flooding from Iloilo, Philippines. Recommendations are offered for application of the technique in the economic analysis of investment projects. The approach estimates Hicksian compensating variation using self-reported subjective well-being to calculate the marginal rate of substitution of income for nonmarket amenities or services. |
| URI: | https://www.adb.org/publications/life-satisfaction-approach-nonmarket-goods-services https://elibrary.tucl.edu.np/handle/123456789/5680 |
| ISBN: | N/A N/A |
| ISSN: | 2313-6537 2313-6545 |
| Country: | Regional - Asia and the Pacific |
| Appears in Collections: | ADB Collections |
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