TY  - BOOK
AU  - Benjamin,Daniel J.
AU  - Heffetz,Ori
AU  - Kimball,Miles S.
AU  - Szembrot,Nichole
ED  - National Bureau of Economic Research.
TI  - Aggregating Local Preferences to Guide Marginal Policy Adjustments
T2  - NBER working paper series
PY  - 2013///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - February 2013; Hardcopy version available to institutional subscribers
N2  - 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
UR  - https://www.nber.org/papers/w18787
UR  - http://dx.doi.org/10.3386/w18787
ER  -