Estimating intergenerational distribution preferences

Scarborough, Helen and Bennett, Jeff 2008, Estimating intergenerational distribution preferences, Ecological economics, vol. 66, no. 4, pp. 575-583, doi: 10.1016/j.ecolecon.2008.05.002.

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Title Estimating intergenerational distribution preferences
Author(s) Scarborough, HelenORCID iD for Scarborough, Helen
Bennett, Jeff
Journal name Ecological economics
Volume number 66
Issue number 4
Start page 575
End page 583
Total pages 9
Publisher Elsevier B.V.
Place of publication Amsterdam, The Netherlands
Publication date 2008-07-15
ISSN 0921-8009
Keyword(s) distributional weights
cost benefit analysis
intergenerational distribution
choice modelling
Summary 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 cost benefit analysis provides a means of incorporating distributional changes into the decision making calculus through the application of distributional or welfare weights. However, this practice has not been widely adopted in part due to difficulties in the estimation of distributional weights. This paper addresses this problem by using the stated preference method of choice modelling to estimate distributional weights suitable for inclusion in a cost benefit analysis framework. The findings of a choice modelling experiment designed to estimate community preferences with respect to intergenerational utility distribution illustrate the potential of this method in addressing distributional issues.
Language eng
DOI 10.1016/j.ecolecon.2008.05.002
Field of Research 140207 Financial Economics
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2008, Crown copyright
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Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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