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Decision-making in a social welfare context

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.

Document type: Conference Paper
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Title Decision-making in a social welfare context
Author(s) Scarborough, Helen
Burton, Michael
Bennett, Jeff
Conference name Australian Agricultural Resource Economics Society. Conference (53rd : 2009 : Cairns, Queensland)
Conference location Cairns, Queensland
Conference dates 10-13 February 2009
Title of proceedings AARES 2009 : Papers from the AARES 53rd Annual Conference
Publication date 2009
Start page 1
End page 15
Publisher AgEcon
Place of publication [Cairns, Queensland]
Keyword(s) Intergenerational equit
distributions
choice modelling
Summary 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.
Language eng
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
Copyright notice ©2009, AARES
Persistent URL http://hdl.handle.net/10536/DRO/DU:30020851
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