Potential Use of the Life Satisfaction Approach to Value Nonmarket Goods and Services

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dc.contributor.authorADB; Fernandez, Cheryl Joy; Raitzer, David A.; Ginting, Edimon
dc.date.accessioned2021-10-05T15:04:58Z
dc.date.available2021-10-05T15:04:58Z
dc.date.issued2019-01
dc.descriptionThis 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.
dc.format.extent32
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn2313-6537
dc.identifier.issn2313-6545
dc.identifier.urihttps://www.adb.org/publications/life-satisfaction-approach-nonmarket-goods-services
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5680
dc.subject.otherEconomics
dc.subject.otherPoverty
dc.subject.otherInclusive growth
dc.titlePotential Use of the Life Satisfaction Approach to Value Nonmarket Goods and Services
local.publication.countryRegional - Asia and the Pacific
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