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.
|Date of creation:||2006|
|Date of revision:|
|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/
More information through EDIRC
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.:
- A. Markandya, 1998. "Poverty, Income Distribution and Policy Making," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 459-472, April.
- Hege Medin & Karine Nyborg & Ian Bateman, 1998.
"The Assumption of Equal Marginal Utility of Income: How Much Does it Matter?,"
241, Statistics Norway, Research Department.
- Medin, Hege & Nyborg, Karine & Bateman, Ian, 2001. "The assumption of equal marginal utility of income: how much does it matter?," Ecological Economics, Elsevier, vol. 36(3), pages 397-411, March.
- Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-19, November.
- Johansson,Per-Olov, 1993. "Cost-Benefit Analysis of Environmental Change," Cambridge Books, Cambridge University Press, number 9780521447928, December.
- 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.
- 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.
- Giles Atkinson & Fernando Machado & Susana Mourato, 2000. "Balancing competing principles of environmental equity," Environment and Planning A, Pion Ltd, London, vol. 32(10), pages 1791-1806, October.
When requesting a correction, please mention this item's handle: RePEc:ags:aare06:139899. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.