Multiattribute Utility Analysis: The Case of Filipino Rice Policy

Abstract

Abstract Major uncertainties and conflicting objectives often arise in public policy analysis. This paper advances a framework that is appropriate for public policy problems frequently encountered in agriculture and food systems. Among other possible benefits, its principal value is to provide focus on the major conflicts, trade‐offs, and subjective perceptions among affected groups. It can be used to isolate major disagreements, needed empirical evidence, appropriate degrees of risk aversion, equity value judgments, and consensus solutions. In an empirical setting, the framework is used to evaluate price policy for rice in the Philippines.