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A cross-regional econometric analysis suggests that institutional factors in the form of direct democracy (via initiatives and referenda) and of federal structure (local autonomy) systematically and sizeably raise s elf-reported individual well-being. This positive effect can be attributed to...
Persistent link: https://www.econbiz.de/10009781520
We propose that outcome utility and process utility can be distinguished and empirically measured. People gain procedural utility from participating in the political decision-making process itself, irrespective of the outcome. Nationals enjoy both outcome and process utility, while foreigners...
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social capital and health for well-being and the new life satisfaction approach to valuing public goods. Work on utility … Satisfaction Approach', Economic Journal, 119 (536), March, 482-515 -- Daniel Kahneman and Richard H. Thaler (2006), 'Anomalies … Diener, Yannis Georgellis and Richard E. Lucas (2008), 'Lags and Leads in Life Satisfaction: A Test of the Baseline …
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This paper discusses a novel approach to elicit people's preferences for public goods, namely the life satisfaction … these countries depresses life satisfaction in a sizeable and robust way. However, the calculation of the trade-off between …
Persistent link: https://www.econbiz.de/10002039247
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approaches for estimating the utility losses of the people affected are discussed. Results using the life satisfaction approach …
Persistent link: https://www.econbiz.de/10002522665