
There is a more recent version of this eprint available. Click here to view it.
Dolan, P., Tsuchiya, A., Smith, P. et al. (2 more authors) (2002) Determining the parameters in a social welfare function using stated preference data: an application to health. Discussion Paper. ScHARR HEDS Discussion Papers . School of Health and Related Research , University of Sheffield.
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.
Metadata
Item Type: | Monograph |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © 2002 The Author(s). For reuse permissions, please contact the Author(s). |
Keywords: | social welfare function, preference elicitation, equity-efficiency trade-off |
Dates: |
|
Institution: | The University of Sheffield, The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > Centre for Health Economics (York) The University of Sheffield > Faculty of Medicine, Dentistry and Health (Sheffield) > School of Health and Related Research (Sheffield) > Health Economics and Decision Science > HEDS Discussion Paper Series |
Depositing User: | ScHARR / HEDS (Sheffield) |
Date Deposited: | 22 Jun 2010 11:03 |
Last Modified: | 23 May 2019 14:39 |
Published Version: | https://www.sheffield.ac.uk/scharr/sections/heds/d... |
Status: | Published |
Publisher: | School of Health and Related Research |
Series Name: | ScHARR HEDS Discussion Papers |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:10950 |
Available Versions of this Item
- Determining the parameters in a social welfare function using stated preference data: an application to health. (deposited 22 Jun 2010 11:03) [Currently Displayed]