Estimating Intergenerational 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 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...[Show more]
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