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Determining the parameters in a social welfare function using stated preference data: an application to health
[Zeitschriftenartikel]
Abstract One way in which economists might determine how best to balance the competing objectives of efficiency and equality is to specify a social welfare function (SWF). This paper looks at how the stated preferences of a sample of the general public can be used to estimate the shape of the SWF in the dom... mehr
One way in which economists might determine how best to balance the competing objectives of efficiency and equality is to specify a social welfare function (SWF). This paper looks at how the stated preferences of a sample of the general public can be used to estimate the shape of the SWF in the domain of health benefits. The results suggest that people are willing to make trade-offs between efficiency and equality and that these trade-offs are sensitive to what inequalities exist and to the groups across which those inequalities exist. [author's abstract]... weniger
Klassifikation
Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik
soziale Sicherung
Freie Schlagwörter
social welfare function; preference elicitation; equality; efficiency; trade-off
Sprache Dokument
Englisch
Publikationsjahr
2010
Seitenangabe
24 S.
Zeitschriftentitel
Applied Economics (2010)
DOI
https://doi.org/10.1080/00036840903166244
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)