Estimating intergenerational utility distribution preferences
Scarborough, Helen and Bennett, Jeff 2006, Estimating intergenerational utility distribution preferences, in AARES 2006 : 50th AARES Conference Sydney, 8-10 February 2006, Australian Agricultural and Resource Economics Society, Australia, pp. 1-15.
Title
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.
Language
eng
Field of Research
140205 Environment and Resource Economics
HERDC Research category
E2 Full written paper - non-refereed / Abstract reviewed