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Decision-making in a social welfare context

conference contribution
posted on 2009-01-01, 00:00 authored by Helen Scarborough, M Burton, J Bennett
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.

History

Event

Australian Agricultural Resource Economics Society. Conference (53rd : 2009 : Cairns, Queensland)

Pagination

1 - 15

Publisher

AgEcon

Location

Cairns, Queensland

Place of publication

[Cairns, Queensland]

Start date

2009-02-10

End date

2009-02-13

Language

eng

Publication classification

E2 Full written paper - non-refereed / Abstract reviewed

Copyright notice

2009, AARES

Title of proceedings

AARES 2009 : Papers from the AARES 53rd Annual Conference

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