NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Aggregating Local Preferences to Guide Marginal Policy Adjustments

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

NBER Working Paper No. 18787
Issued in February 2013

---- Acknowledgements -----

We thank Matthew Adler, Geir Asheim, Gregory Besharov, Aaron Bodoh-Creed, Alexander Cappelen, Gabriel Carroll, Steve Coate, Koen Decancq, Marc Fleurbaey, Erzo Luttmer, Guy Mayraz, Ted O’Donoghue, Alex Rees-Jones, Erik Sørensen, Alois Stutzer, Bertil Tungodden, our discussant, Ed Glaeser, and audiences at the University of Michigan, the AEA Annual Meeting, and the Norwegian School of Economics for valuable comments and suggestions. For financial support we are grateful to Cornell’s Institute for Social Science, S. C. Johnson Graduate School of Management, and NIH/NIA grants R01-AG040787 to the University of Michigan and T32-AG00186 to the NBER. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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