Aggregating Local Preferences to Guide Marginal Policy Adjustments Journal Article uri icon

Overview

abstract

  • We propose a social choice rule for aggregating preferences elicited from surveys into a marginal adjustment of policy from the status quo. The mechanism is: (i) symmetric in its treatment of survey respondents; (ii) ordinal, using only the orientation of respondents' indifference surfaces; (iii) local, using only preferences in the neighborhood of current policy; and (iv) what we call “first-order strategy-proof,” making the gains from misreporting preferences second order. The mechanism could be applied to guide policy based on how policy affects responses to subjective well-being surveys.

publication date

  • May 1, 2013

has restriction

  • green

Date in CU Experts

  • March 12, 2017 2:09 AM

Full Author List

  • Benjamin DJ; Heffetz O; Kimball MS; Szembrot N

author count

  • 4

Other Profiles

International Standard Serial Number (ISSN)

  • 0002-8282

Additional Document Info

start page

  • 605

end page

  • 610

volume

  • 103

issue

  • 3