This 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.
Stanca, L. (2016). Happiness, relational goods and hedonic methodology. In L. Bruni, P.L. Porta (a cura di), Handbook of Research Methods and Applications in Happiness and Quality of Life (pp. 483-498). Edward Elgar Publishing Ltd. [10.4337/9781783471171.00028].
Happiness, relational goods and hedonic methodology
Stanca L.
2016
Abstract
This 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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