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

By Helen Scarborough, Jeff Bennett
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By Helen Scarborough, Jeff Bennett
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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...

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Science & TechnologyBusinessEcology & Environmental SciencesEconomicsNatural Resources - General & MiscellaneousEnvironmental Economics