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dc.contributor.authorAmbrey, Christopher L
dc.contributor.authorFleming, Christopher M
dc.date.accessioned2017-12-19T01:00:29Z
dc.date.available2017-12-19T01:00:29Z
dc.date.issued2014
dc.date.modified2013-06-28T02:12:52Z
dc.identifier.issn0303-8300
dc.identifier.doi10.1007/s11205-012-0208-4
dc.identifier.urihttp://hdl.handle.net/10072/52062
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 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$14 000 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.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherSpringer
dc.publisher.placeNetherlands
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom45
dc.relation.ispartofpageto65
dc.relation.ispartofissue1
dc.relation.ispartofjournalSocial Indicators Research
dc.relation.ispartofvolume115
dc.rights.retentionY
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchEnvironment and resource economics
dc.subject.fieldofresearchWelfare economics
dc.subject.fieldofresearchEcological economics
dc.subject.fieldofresearchSociology
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode380105
dc.subject.fieldofresearchcode380119
dc.subject.fieldofresearchcode389902
dc.subject.fieldofresearchcode4410
dc.titleValuing Ecosystem Diversity in South East Queensland: A Life Satisfaction Approach
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2012
gro.hasfulltextNo Full Text
gro.griffith.authorFleming, Christopher


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