Edited by Luigino Bruni and Pier Luigi Porta
Chapter 22: Happiness, relational goods and hedonic methodology
AbstractThis chapter reviews recent evidence on valuing interpersonal relations. We focus, in particular, on two approaches that have received much attention in the recent literature on relational goods: the hedonic price method and the life satisfaction approach. We survey the key empirical contributions while discussing the main advantages and limitations of the two approaches.
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