Estimating Intergenerational Distribution Preferences
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Scarborough, Helen; Bennett, Jeffrey
Description
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]
dc.contributor.author | Scarborough, Helen | |
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dc.contributor.author | Bennett, Jeffrey | |
dc.date.accessioned | 2015-12-10T22:23:46Z | |
dc.identifier.issn | 0921-8009 | |
dc.identifier.uri | http://hdl.handle.net/1885/52958 | |
dc.description.abstract | 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. Crown | |
dc.publisher | Elsevier | |
dc.source | Ecological Economics | |
dc.subject | Keywords: cost-benefit analysis; decision making; ecological economics; estimation method; intergenerational transfer; resource management; welfare economics C35; Choice modelling; Cost benefit analysis; D61; Distributional weights; Intergenerational distribution; Q56 | |
dc.title | Estimating Intergenerational Distribution Preferences | |
dc.type | Journal article | |
local.description.notes | Imported from ARIES | |
local.identifier.citationvolume | 66 | |
dc.date.issued | 2008 | |
local.identifier.absfor | 140205 - Environment and Resource Economics | |
local.identifier.ariespublication | u4055784xPUB260 | |
local.type.status | Published Version | |
local.contributor.affiliation | Scarborough, Helen, College of Asia and the Pacific, ANU | |
local.contributor.affiliation | Bennett, Jeffrey, College of Asia and the Pacific, ANU | |
local.description.embargo | 2037-12-31 | |
local.bibliographicCitation.issue | 4 | |
local.bibliographicCitation.startpage | 575 | |
local.bibliographicCitation.lastpage | 583 | |
local.identifier.doi | 10.1016/j.ecolecon.2008.05.002 | |
dc.date.updated | 2015-12-09T09:11:13Z | |
local.identifier.scopusID | 2-s2.0-45449103625 | |
local.identifier.thomsonID | 000257973900004 | |
Collections | ANU Research Publications |
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