Endogenous preferences, environmental economics, and welfare
Lukas Beck
What the paper says
This article targets the problems of endogenous preferences for welfare assessment in the context of large-scale interventions that, for instance, concern us in environmental economics. Prominent economists have argued that the problem of endogenous preferences is particularly pressing in these cases. However, I argue that while there are promising solutions to deal with this problem when it comes to small-scale interventions (e.g. nudging), those do not work for large-scale interventions. Based on this, I offer a framework that allows us to preserve the central role of preferences for welfare assessment also in cases of large-scale interventions.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.