Social Welfare

Abstract While the future must be aligned more ecologically, different intensive chal-lenges arise for the society. We exemplify these challenges by the multi objec-tives of a forest, since it offers renewable resources, conserves biodiversity, acts  as a carbon sink, and provides recreational functions in a simultaneous manner.  We approach the forest management problem (FMP) by using multi-criteria de-cision analysis (MCDA) with diverging stakeholder preferences as input and  social welfare across participating stakeholders as output. To reach social wel-fare, we focus on mechanism design to gather truthful stakeholder valuations.  Hence, this research in progress presents an instantiation of the participatory  MCDA in the context of forestry. The research objective is to examine how dis-tributed ledger technologies (DLT) can help to implement the mechanism and  to coordinate the participatory MCDA transparently and securely. Introduction The forest is a complex ...