Evans, David John; Kula, Erhun; Nagase, Yoko - In: Journal of Economic Studies 41 (2014) 6, pp. 808-820
Purpose – The purpose of this paper is to estimate survey-based values of the elasticity of marginal social valuation of income, an important welfare parameter in cost-benefit analysis. Design/methodology/approach – A model relating equity welfare weights to income is developed, and...