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

  • Ambrey, Christopher L.
  • Fleming, Christopher M.
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    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.

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    File URL: http://purl.umn.edu/115347
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    Paper provided by New Zealand Agricultural and Resource Economics Society in its series 2011 Conference, August 25-26, 2011, Nelson, New Zealand with number 115347.

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    Date of creation: 2011
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    Handle: RePEc:ags:nzar11:115347
    Contact details of provider: Web page: http://www.nzares.org.nz/

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