Scarborough, Helen, Burton, Michael and Bennett, Jeff 2009, Decision-making in a social welfare context, in AARES 2009 : Papers from the AARES 53rd Annual Conference, AgEcon, [Cairns, Queensland], pp. 1-15.
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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.
Field of Research
140205 Environment and Resource Economics
Socio Economic Objective
960699 Environmental and Natural Resource Evaluation not elsewhere classified
HERDC Research category
E2 Full written paper - non-refereed / Abstract reviewed