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  • Valuing scenic amenity using life satisfaction data

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    74204_1.pdf (683.9Kb)
    Author(s)
    Ambrey, Christopher L
    Fleming, Christopher M
    Griffith University Author(s)
    Ambrey, Christopher L.
    Fleming, Christopher
    Year published
    2011
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    Abstract
    The life satisfaction approach has recently emerged as a new technique in the suite of options available to non-market valuation practitioners. Employing data from the Household, Income and Labour Dynamics in Australia (HILDA) survey and Geographic Information Systems (GIS), this paper examines the influence of scenic amenity on the life satisfaction of residents of South East Queensland (SEQ), Australia. Measuring scenic amenity on a 10-point scale, it is found that, on average, a respondent is willing-to-pay approximately AUD$14,000 in household income per annum to obtain a one-unit improvement in scenic amenity. However, ...
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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. Employing data from the Household, Income and Labour Dynamics in Australia (HILDA) survey and Geographic Information Systems (GIS), this paper examines the influence of scenic amenity on the life satisfaction of residents of South East Queensland (SEQ), Australia. Measuring scenic amenity on a 10-point scale, it is found that, on average, a respondent is willing-to-pay approximately AUD$14,000 in household income per annum to obtain a one-unit improvement in scenic amenity. However, on closer inspection, we find that the relationship between willingness-to-pay and the level of scenic amenity is not linear. To our knowledge, this is the first paper to value scenic amenity using the life satisfaction approach and is the first paper to use this approach to value any type of environmental good or service in SEQ. As such, this paper represents a genuine contribution to a small, yet growing, body of literature.
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    Journal Title
    Ecological Economics
    Volume
    72
    DOI
    https://doi.org/10.1016/j.ecolecon.2011.09.011
    Copyright Statement
    © 2011 Elsevier B.V. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
    Subject
    Welfare Economics
    Environment and Resource Economics
    Environmental Science and Management
    Applied Economics
    Other Economics
    Publication URI
    http://hdl.handle.net/10072/41994
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    • Journal articles

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