Amenity Pricing and Regional Variations in the Quality of Life across England and Wales

Posted: 29 Jun 2010

See all articles by Geoff Stewart

Geoff Stewart

University of Southampton - Division of Economics

Jeo Lee

Isle of Man International Business School

Date Written: January 9, 2009

Abstract

We employ a standard general equilibrium framework to estimate implicit amenity prices and associated quality of life values for 110 regions in England and Wales in 2006. The results suggest a quality of life range of almost £10,000 per annum for the average household. Excluding London as a special case, the …gure would still be in excess of £6000. This represents a substantial increase over earlier estimates based on 1995 data, a …nding that is consistent with evidence of rising prices of nonmarket goods in the US.

Keywords: Amenity prices, quality of life

JEL Classification: Q51, R13

Suggested Citation

Stewart, Geoff and Lee, Jeo, Amenity Pricing and Regional Variations in the Quality of Life across England and Wales (January 9, 2009). Available at SSRN: https://ssrn.com/abstract=1632046

Geoff Stewart (Contact Author)

University of Southampton - Division of Economics ( email )

Southampton, SO17 1BJ
United Kingdom

Jeo Lee

Isle of Man International Business School ( email )

The University Centre
Old Castletown Road
Douglas Isle of Man, IM2 1QB
United Kingdom

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