Decision-making in a Social Welfare Context

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Decision-making in a Social Welfare Context

Author Info

Helen Scarborough ()
Michael Burton ()
Jeff Bennett ()

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Abstract

This paper presents analysis of the decision-making strategies adopted by respondents when confronted with potential environmental 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 distribution 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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Publisher Info
Paper provided by Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance in its series Economics Series with number 2009_02.

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Length: 25
Date of creation: 11 Feb 2009
Date of revision:
Handle: RePEc:dkn:econwp:eco_2009_02

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Paper
- Scarborough, Helen & Burton, Michael & Bennett, Jeff, 2009. "Decision-Making in a Social Welfare Context," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47622, Australian Agricultural and Resource Economics Society. [Downloadable!]

This paper has been announced in the following NEP Reports:

NEP-ALL-2009-07-28 (All new papers)
NEP-DCM-2009-07-28 (Discrete Choice Models)

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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