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Contingent Valuation is now the most widely used method for valuing non-marketed goods in cost benefit analysis. Yet, despite the fact that many externalities manifest themselves as costs to some and benefits to others, most studies restrict willingness to pay (WTP) to being non-negative. This paper explores appropriate welfare measures for assessing losses(More)
This paper presents a comprehensive theoretical and methodological framework clarifying the relationship between non-market environmental valuation techniques, in particular hedonic and life-satisfaction methods. The paper shows how life-satisfaction scores can be used to test correctly the equilibrium condition in location markets required by the hedonic(More)
The most common definition of Environmental Tax Reform (ETR) is the use of the revenue from environmental taxes to reduce distortionary labour taxes. However, the PETRAS project has shown that there are a number of social and political impediments to implementing such reform. This paper firstly outlines some of the environmental and economic implications of(More)
In recent years, economists have being using socioeconomic and socio-demographic characteristics to explain self-reported individual happiness or satisfaction with life. Using Geographical Information Systems (GIS), we employ data disaggregated at the individual and local level to show that while these variables are important, consideration of amenities(More)
Fuel poverty has generally been calculated by quantifying the number of households spending in excess of 10% of income on home heating. This definition has a number of significant practical and scientific limitations. This paper employs self-reported data to calculate the severity of fuel poverty in Ireland to identify chronic fuel-poor households from(More)
Economic analyses of energy-efficiency technologies and programmes in the building sector have shown that many provide potential net benefits to society. Nevertheless, the evidence suggests that the market alone will not ensure an optimal takeup of these energy-efficiency opportunities. This paper explores the economic rationale for this failure of the(More)