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Using choice modelling to investigate equity preferences

Scarborough, Helen, Bennett, Jeff and Carr, Rodney 2004, Using choice modelling to investigate equity preferences, in AARES 2004 : Contributed papers, AARES, Melbourne, Vic..

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Title Using choice modelling to investigate equity preferences
Author(s) Scarborough, Helen
Bennett, Jeff
Carr, Rodney
Conference name Australian Agricultural and Resource Economics Society. Conference (48th : 2004 : Melbourne, Vic.)
Conference location Melbourne, Vic.
Conference dates 10-13 February 2004
Title of proceedings AARES 2004 : Contributed papers
Publication date 2004
Publisher AARES
Place of publication Melbourne, Vic.
Keyword(s) distributional weights
beneficial cost analysis
choice modelling
Summary Benefit cost analysis (BCA) is a widely used method of assessing environmental policies. One of the limitations of BCA is the incorporation of equity considerations into an analysis. While this is theoretically possible through the application of distributional weights, this practice has not been generally adopted due to difficulties in determining appropriate weights. This paper suggests that one way of addressing the equity issue is through the application of a staged preference technique to the estimation of equity preferences. It is demonstrated that using choice modelling enables respondents' equity preferences to be elicited and distributional weights suitable for application in BCA to be estimated.
Notes Reproduced with the specific permission of the copyright owner.
Language eng
Field of Research 140205 Environment and Resource Economics
HERDC Research category E2 Full written paper - non-refereed / Abstract reviewed
Copyright notice ©2004, AARES
Persistent URL http://hdl.handle.net/10536/DRO/DU:30014146

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