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Estimating intergenerational distribution preferences

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  • Scarborough, Helen
  • Bennett, Jeff

Abstract

Resource management decisions influence not only the output of the economy but also the distribution of utility between groups within the community. The theory of cost benefit analysis provides a means of incorporating distributional changes into the decision making calculus through the application of distributional or welfare weights. However, this practice has not been widely adopted in part due to difficulties in the estimation of distributional weights. This paper addresses this problem by using the stated preference method of choice modelling to estimate distributional weights suitable for inclusion in a cost benefit analysis framework. The findings of a choice modelling experiment designed to estimate community preferences with respect to intergenerational utility distribution illustrate the potential of this method in addressing distributional issues.

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Bibliographic Info

Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 66 (2008)
Issue (Month): 4 (July)
Pages: 575-583

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Handle: RePEc:eee:ecolec:v:66:y:2008:i:4:p:575-583

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Web page: http://www.elsevier.com/locate/ecolecon

Related research

Keywords: Distributional weights Cost benefit analysis Intergenerational distribution Choice modelling C35 D61 Q56;

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References

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Cited by:
  1. Scarborough, Helen & Burton, Michael P. & Bennett, Jeffrey W., 2009. "Decision-Making in a Social Welfare Context," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47622, Australian Agricultural and Resource Economics Society.

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