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Cost-Benefit Analysis and Distributional Preferences - A Choice Modelling Approach (Hardcover)
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Cost-Benefit Analysis and Distributional Preferences - A Choice Modelling Approach (Hardcover)
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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 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. Contents: Foreword 1. Distribution and Environmental
Policy 2. Distributional 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
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