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Social Planning with Partial Knowledge of Social Interactions

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Author Info
Charles F. Manski

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Abstract

Economists studying collective decision problems often consider how a social planner would behave. The standard exercise presumes complete knowledge of the welfare achieved by each feasible policy. However, we often have only partial knowledge of policy impacts. This paper extends my program of research on planning under ambiguity from settings with individualistic treatment to ones where treatments interact, each person's outcome depending on his treatment and on the population treatment allocation. I consider the problem in abstraction and use medical treatment of an infectious disease to illustrate.

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Publisher Info
Article provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.

Volume (Year): 165 (2009)
Issue (Month): 1 (March)
Pages: 146-158
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Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200903)165:1_146:spwpko_2.0.tx_2-g

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Find related papers by JEL classification:
D62 - Microeconomics - - Welfare Economics - - - Externalities
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods

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This page was last updated on 2009-12-3.

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