Estimating intergenerational utility distribution preferences
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 Benefit Cost Analysis provides a means of incorporating this distributional change through the application of distributional or welfare weights. This paper reports the results of research designed to estimate distributional weights suitable for inclusion in a Benefit Cost Analysis framework. The findings of a choice modelling experiment estimating community preferences with respect to intergenerational utility distribution are presented to illustrate this innovative application of a stated preference technique.
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| Length: | |
| Date of creation: | 2006 |
| Handle: | RePEc:ags:aare06:139899 |
| Contact details of provider: | Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200 Phone: 0409 032 338 Web page: http://www.aares.info/ Email: More information through EDIRC
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- Medin, Hege & Nyborg, Karine & Bateman, Ian, 2001.
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- Helen Scarborough & Jeff Bennett & Rodney Carr, 2004. "Using Choice Modeling to Investigate Equity Preferences," Economics Series 2004_03, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
- Nyborg, Karine, 2000. "Homo Economicus and Homo Politicus: interpretation and aggregation of environmental values," Journal of Economic Behavior & Organization, Elsevier, vol. 42(3), pages 305-322, July.
- Johansson,Per-Olov, 1993. "Cost-Benefit Analysis of Environmental Change," Cambridge Books, Cambridge University Press, number 9780521447928, February. Full references (including those not matched with items on IDEAS)
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