Aggregating Local Preferences to Guide Marginal Policy Adjustments

S-Tier
Journal: American Economic Review
Year: 2013
Volume: 103
Issue: 3
Pages: 605-10

Score contribution per author:

2.011 = (α=2.01 / 4 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:aea:aecrev:v:103:y:2013:i:3:p:605-10
Journal Field
General
Author Count
4
Added to Database
2026-01-24