Use this URL to cite or link to this record in EThOS: | https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.516472 |
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Title: | Valuing changes in utility for non-market outcomes : experiences alongside preferences | ||||||
Author: | Metcalfe, Robert David |
ISNI:
0000 0004 2691 1881
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Awarding Body: | Imperial College London | ||||||
Current Institution: | Imperial College London | ||||||
Date of Award: | 2009 | ||||||
Availability of Full Text: |
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Abstract: | |||||||
The current practice in economics is to allocate resources on the basis of our preferences as they are expressed in real or hypothetical markets. Our preferences suffer from a number of problems, however, especially when we value non-market goods, such as the environment or health. An alternative way to value non-market goods is through our experiences, or subjective well-being (SWB). SWB is based on our subjective reports of we think and feel about life. This thesis shows how the values of non-market goods may differ according to whether preferences or SWB are used. There are a number of problems with using SWB as an alternative method of valuation but, overall, this thesis concludes that SWB provides a promising way of valuing non-market goods.
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Supervisor: | Dolan, Paul | Sponsor: | ESRC ; DEFRA | ||||
Qualification Name: | Thesis (Ph.D.) | Qualification Level: | Doctoral | ||||
EThOS ID: | uk.bl.ethos.516472 | DOI: | |||||
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