Social preferences for equity in the distribution of net benefits are not represented in a cost-benefit study by the sum of the individuals' net present values. This paper presents two different decision analysts models for representing such an equity issue. For each model, conditions on the...

Cost-benefit and health policy studies often model a consequence occurring over time as a continuous stream of events. Such a consequence is measured by the rates at which events occur or by the states that occur, and the value of the consequence is measured by an integral. This paper presents a...

Models of preferences between outcomes over continuous time are important for individual, corporate, and social decision making, e.g., medical treatment, infrastructure development, and environmental regulation. This paper presents a foundation for such models. It shows that conditions on...