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Environment, Well-Being, and Experienced Preference

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  • Heinz Welsch

    ()
    (University of Oldenburg, Department of Economics)

  • Susana Ferreira

    ()
    (University of Georiga)

Abstract

Recent years have seen a sharp increase in the use of subjective well-being data in environmental economics. This article discusses the conceptual underpinnings of using such data as a tool for preference elicitation and non-market valuation. Given the connection of those data to the notion of experienced utility, we refer to this approach as the experienced preference method and discuss recent methodological advances and applications of the approach to subject areas not previously reviewed. In addition, we discuss insights concerning environmental behavior that can be gained with the help of subjective well-being data.

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Bibliographic Info

Paper provided by University of Oldenburg, Department of Economics in its series Working Papers with number V-367-14.

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Date of creation: May 2014
Date of revision: May 2014
Publication status: Published in Oldenburg Working Papers V-367-14
Handle: RePEc:old:dpaper:367

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