Decision-Making in a Social Welfare Context

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Decision-Making in a Social Welfare Context

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Scarborough, Helen
Burton, Michael
Bennett, Jeff

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Abstract

This paper presents analysis of the decision-making strategies adopted by respondents when confronted with potential policy options that include changes in both aggregate levels of welfare and equity in distribution. The analysis is based on the results of a choice experiment designed to estimate intergenerational distributional preferences. Non-linear welfare functions are employed within a conventional conditional logit framework. The heuristics employed by respondents in the stated preference context provide valuable insights into the application of welfare principles by respondents in determining trade-offs between the potential changes in the well-being of different generations.

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Paper provided by Australian Agricultural and Resource Economics Society in its series 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia with number 47622.

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Date of creation: 2009
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Handle: RePEc:ags:aare09:47622

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Paper
- Helen Scarborough & Michael Burton & Jeff Bennett, 2009. "Decision-making in a Social Welfare Context," Economics Series 2009_02, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]

This paper has been announced in the following NEP Reports:

NEP-ALL-2009-03-28 (All new papers)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Frank Krysiak & Daniela Krysiak, 2006. "Sustainability with Uncertain Future Preferences," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 33(4), pages 511-531, 04. [Downloadable!] (restricted)
Sen, Amartya, 2000. "Social justice and the distribution of income," Handbook of Income Distribution, in: A.B. Atkinson & F. Bourguignon (ed.), Handbook of Income Distribution, edition 1, volume 1, chapter 1, pages 59-85 Elsevier. [Downloadable!] (restricted)
Scarborough, Helen & Bennett, Jeff, 2008. "Estimating intergenerational distribution preferences," Ecological Economics, Elsevier, vol. 66(4), pages 575-583, July. [Downloadable!] (restricted)

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This page was last updated on 2009-11-26.

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