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Decision-making in a social welfare context

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  • Scarborough, Helen
  • Burton, Michael
  • Bennett, Jeff

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Scarborough, Helen & Burton, Michael & Bennett, Jeff, 2009. "Decision-making in a social welfare context," Working Papers eco_2009_02, Deakin University, Department of Economics.
    • Handle: RePEc:dkn:econwp:eco_2009_02
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    Cited by:

    1. Helen Scarborough & Jeff Bennett, 2012. "Cost–Benefit Analysis and Distributional Preferences," Books, Edward Elgar Publishing, number 14376, August.
    2. Helen Scarborough, 2011. "Intergenerational equity and the social discount rate," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(2), pages 145-158, April.

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