Cost-Benefit Analysis and Distributional Preferences : A Choice Modelling Approach

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Title:

Cost-Benefit Analysis and Distributional Preferences : A Choice Modelling Approach

Author:

Scarborough, Helen.

ISBN:

9780857932228

Publication Information:

Cheltenham : Edward Elgar, 2012.

Physical Description:

xiii, 117 s.

General Note:

Includes bibliographical references and index.

Contents:

Foreword 1. Distribution and Environmental Policy 2. Distribution Weighting and Cost -- benefit Analysis 3. Choice Modelling and Distributional Preferences 4. Case Study: Design of Intergenerational Distribution Choice Experiment 5. Case Study: Results of Intergenerational Distribution Choice Experiment 6. Choice Modelling and Distributional Preferences: Challenges and Opportunities Bibliography Index.

Abstract:

This pathbreaking study illustrates and enhances the potential of cost - benefit analysis as a tool for decision-making.

Subject Term:

Decision making.

Decision making -- Mathematical models.

Cost effectiveness.

Added Author:

Scarborough, Helen.

Bennett, Jeff, 1954-.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025568565	338.23:502 S285C 2012	1	Searching... Unknown

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Summary

This pathbreaking study illustrates and enhances the potential of cost-benefit analysis as a tool for decision-making.

Advancing the incorporation of equity preferences in policy analysis, the authors demonstrate the application of choice modeling to the estimation of distributional weights suitable for inclusion in a cost-benefit analytical framework. A platform for discussion of the challenges and opportunities of this approach is presented in the form of a detailed case study designed to estimate community preferences for different intergenerational distributions. While the case study is focused on natural resource management and environmental policy, the conceptual and methodological advances illustrated by the authors are relevant and applicable to a wider array of policy deliberations.

This book will prove a challenging and thought-provoking read for academics, students and policy makers with an interest in environmental issues and/or public sector economics.