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Determining the parameters in social welfare function using stated preference data: an application to health

Dolan, Paul and Tsuchiya , Aki (2010) Determining the parameters in social welfare function using stated preference data: an application to health. Applied Economics . pp. 1466-4283. ISSN 0003-6846

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Abstract

One way in which economists might determine how best to balance the competing objectives of efficiency and equity 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 it is possible to determine the parameters in a social welfare function from stated preference data, but show that people are sensitive to what inequalities exist and to the groups across which those inequalities exist.

Item Type: Article
Official URL: http://www.informaworld.com/smpp/title~content=t71...
Additional Information: © 2010 The Authors
Library of Congress subject classification: H Social Sciences > HN Social history and conditions. Social problems. Social reform
Journal of Economic Literature Classification System: I - Health, Education, and Welfare > I1 - Health > I10 - General
Sets: Departments > Social Policy
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 14 Feb 2011 14:58
URL: http://eprints.lse.ac.uk/32542/

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