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

Dolan, P., Tsuchiya, A., Smith, P., Shaw, R. and Williams, A. (2002) Determining the parameters in a social welfare function using stated preference data: an application to health. Discussion Paper. (Unpublished)

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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: Monograph (Discussion Paper)
Keywords: social welfare function, preference elicitation, equity-efficiency trade-off
Institution: The University of York, The University of Sheffield
Academic Units: The University of 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: 21 Jun 2014 12:16
Status: Unpublished
Identification Number: HEDS Discussion Paper 02/02
URI: http://eprints.whiterose.ac.uk/id/eprint/10950

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