Decision-Making in a Social Welfare Context

摘要: This paper presents analysis of the decision-making strategies adopted by respondents when confronted with potential policy options that include changes in both aggregate levels welfare and equity distribution. The is based on results a choice experiment designed to estimate intergenerational distributional preferences. Non-linear functions are employed within conventional conditional logit framework. heuristics stated preference context provide valuable insights into application principles determining trade-offs between well-being different generations.