Decision-Making in a Social Welfare Context

Helen Scarborough, Michael Burton and Jeffrey Bennett

No 47622, 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia from Australian Agricultural and Resource Economics Society

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.

Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
Pages: 15
Date: 2009
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Citations: View citations in EconPapers (1)

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Working Paper: Decision-making in a social welfare context (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare09:47622

DOI: 10.22004/ag.econ.47622

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