Valuing Ecosystem Diversity in South East Queensland: A Life Satisfaction Approach

The life satisfaction approach has recently emerged as a new technique in the suite of options available to non-market valuation practitioners. This paper examines the influence of ecosystem diversity on the life satisfaction of residents of South East Queensland, Australia. It is found that, on average, a respondent is willing-to-pay approximately AUD$20,000 in household income per annum to obtain a one-unit improvement in ecosystem diversity. This result indicates that the life satisfaction effects of improvements in ecosystem diversity are substantial, and greater than the welfare effects implied by studies using more conventional non-market valuation techniques.


Issue Date:
2011
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/115347
Total Pages:
26




 Record created 2017-04-01, last modified 2017-11-17

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