Estimating Intergenerational Distribution Preferences Using Choice Modelling

Resource management decisions influence not only the output of the economy but also the distribution of utility between groups within the community. The theory of Cost Benefit Analysis provides a means of incorporating distributional changes into the decision making calculus through the application of distributional or welfare weights. This paper reports the results of research designed to estimate distributional weights suitable for inclusion in a Cost Benefit Analysis framework. The findings of a choice modelling experiment designed to estimate community preferences with respect to intergenerational utility distribution are presented.