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dc.contributor.authorAmbrey, Christopher L.
dc.contributor.authorFleming, Christopher M.
dc.contributor.editorCarmignani, Fabrizio
dc.date.accessioned2020-01-16T08:09:35Z
dc.date.available2020-01-16T08:09:35Z
dc.date.issued2012
dc.identifier.otherRePEc:gri:epaper:economics:201210
dc.identifier.urihttp://hdl.handle.net/10072/390357
dc.description.abstractThe valuation of complex environmental goods represents a considerable challenge for conventional non-market valuation techniques. The use of life satisfaction (or happiness) data has recently emerged as a new means of placing monetary values on non-market goods and services. This approach offers several advantages over more conventional techniques. This paper uses data from the Household, Income and Labour Dynamics in Australia (HILDA) survey along with Geographic Information Systems data to value ecosystem diversity in South East Queensland, Australia. It is found that, on average, a respondent has an implicit willingness-to-pay of approximately AUD$11 000 in household income per annum to obtain a one unit improvement in ecosystem diversity. This result confirms that the preservation, or improvement, of existing levels of ecosystem diversity is welfare enhancing. To our knowledge, this is the first paper to value ecosystem diversity using the life satisfaction approach.
dc.format.extent28 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto28
dc.subject.keywordsI31 - General Welfare
dc.subject.keywordsQ51 - Valuation of Environmental Effects
dc.subject.keywordsC21 - Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
dc.subject.keywordsR10 - General Regional Economics (includes Regional Data)
dc.subject.keywordsBiodiversity
dc.subject.keywordsecosystem diversity
dc.subject.keywordsHousehold Income and Labour Dynamics in Australia (HILDA)
dc.subject.keywordslife satifaction
dc.subject.keywordsnon-market valuation
dc.title2012-10: Valuing ecosystem diversity in South East Queensland: A life satisfaction approach (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicEconomics and Business Statistics
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2012
gro.hasfulltextFull Text
gro.griffith.authorFleming, Christopher


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