Comparing willingness-to-pay and subjective well-being in the context of non-market goods
Comparing willingness-to-pay and subjective well-being in the context of non-market goods
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非市场商品背景下的支付意愿和主观幸福感的比较
DOI：
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发表时间：
2008
期刊：
影响因子：
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通讯作者：
R. Metcalf
中科院分区：
文献类型：
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作者：
P. Dolan;R. Metcalf
为了评估非市场商品的价值，经济学家使用显示或陈述偏好方法来估计个人对这些商品的支付意愿（WTP）。我们比较这些传统的方法与主观幸福感（SWB），这是基于个人的评级，他们的幸福或生活满意度，而不是他们的喜好。在城市更新的准实验的背景下，我们发现，从主观幸福感数据的货币估计显着高于显示和陈述的偏好数据。显示偏好中的污名、陈述偏好中的心理账户和主观幸福感评分中的未指定持续时间可能解释了估值方法之间的一些差异。
In order to value non-market goods, economists estimate individuals’ willingness to pay (WTP) for these goods using revealed or stated preference methods. We compare these conventional approaches with subjective well-being (SWB), which is based on individuals’ ratings of their happiness or life satisfaction rather than on their preferences. In the context of a quasi- experiment in urban regeneration, we find that monetary estimates from SWB data are significantly higher than from revealed and stated preference data. Stigma in revealed preferences, mental accounting in stated preferences and unspecified duration in SWB ratings might explain some of the difference between the valuation methods.