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Aggregating Local Preferences to Guide Marginal Policy Adjustments

  • Daniel J Benjamin
  • , Ori Heffetz
  • , Miles S Kimball
  • , Nichole Szembrot

Research output: Working paper

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.
Original languageEnglish
Place of PublicationCambridge, Mass
Number of pages10
DOIs
StatePublished - Feb 2013

Publication series

NameNBER working paper series
PublisherNational Bureau of Economic Research
Volumeno. w18787

ULI Publication

  • uli

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