Estimating intergenerational distribution preferences

Helen Scarborough; Jeff Bennett

doi:10.1016/j.ecolecon.2008.05.002

Estimating intergenerational distribution preferences

Helen Scarborough^*, Jeff Bennett

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

7 Citations (Scopus)

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

Original language	English
Pages (from-to)	575-583
Number of pages	9
Journal	Ecological Economics
Volume	66
Issue number	4
DOIs	https://doi.org/10.1016/j.ecolecon.2008.05.002
Publication status	Published - 15 Jul 2008

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10.1016/j.ecolecon.2008.05.002

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AB - 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

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KW - Choice modelling

KW - Cost benefit analysis

KW - D61

KW - Distributional weights

KW - Intergenerational distribution

KW - Q56

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VL - 66

SP - 575

EP - 583

JO - Ecological Economics

JF - Ecological Economics

IS - 4

ER -

Estimating intergenerational distribution preferences

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