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

Christopher L. Ambrey and Christopher M. Fleming

No 115347, 2011 Conference, August 25-26, 2011, Nelson, New Zealand from New Zealand Agricultural and Resource Economics Society

Abstract: 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.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 26
Date: 2011
New Economics Papers: this item is included in nep-env and nep-hap
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nzar11:115347

DOI: 10.22004/ag.econ.115347

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