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Estimating Intergenerational Distribution Preferences Using Choice Modelling

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Abstract

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 Cost Benefit Analysis provides a means of incorporating distributional changes into the decision making calculus 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 Cost Benefit Analysis framework. The findings of a choice modelling experiment designed to estimate community preferences with respect to intergenerational utility distribution are presented.

Suggested Citation

  • Helen Scarborough & Jeff Bennett, 2006. "Estimating Intergenerational Distribution Preferences Using Choice Modelling," Economics Series 2006_26, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
  • Handle: RePEc:dkn:econwp:eco_2006_26 Note: Helen Scarborough is the corresponding author for this paper.
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    File URL: http://www.deakin.edu.au/buslaw/aef/workingpapers/papers/2006_26eco.pdf
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    More about this item

    Keywords

    Distributional weights; Cost benefit analysis; Intergenerational distribution; Choice modelling;

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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