Arbeitspapier

An introduction to Participatory Value Evaluation

Cost-Benefit Analysis (CBA) for public policies assumes ‘consumer sovereignty’, implying that impacts of government projects can be expressed in monetary terms by aggregating individuals’ willingness to pay. However, individuals’ willingness to pay might not accurately reflect preferences towards public policies. Participatory Value Evaluation (PVE) is a novel evaluation framework specifically designed to rectify this issue by going beyond the paradigm of ‘consumer sovereignty’. PVE infers the social welfare effects of public policies through eliciting individuals’ preferences over the allocation of public budgets (‘citizen sovereignty’) as well as their private income (‘consumer sovereignty’). In a PVE, individuals are asked to choose the best portfolio of projects with corresponding impacts for society and themselves subject to governmental and private budget constraints. This paper positions PVE relative to past innovations in applied welfare economics and illustrates the potential of the approach through a case study on projects to mitigate flood risks at locations along the Dutch river ‘Waal’. In total 2,900 citizens participated in this PVE. The main result of the case study is that citizens have a preference for projects that combine strengthening dikes and giving the river space to flood safely, particularly when such projects positively influence biodiversity and recreational opportunities.

Sprache
Englisch

Erschienen in
Series: Tinbergen Institute Discussion Paper ; No. TI 2019-024/V

Klassifikation
Wirtschaft
Social Choice; Clubs; Committees; Associations
Allocative Efficiency; Cost-Benefit Analysis
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Thema
Participatory Value Evaluation
Cost-Benefit Analysis
Benefit-Cost Analysis
Citizen Participation
Environmental Valuation
Flood Protection
Biodiversity

Ereignis
Geistige Schöpfung
(wer)
Mouter, Niek
Koster, Paul
Dekker, Thijs
Ereignis
Veröffentlichung
(wer)
Tinbergen Institute
(wo)
Amsterdam and Rotterdam
(wann)
2019

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Mouter, Niek
  • Koster, Paul
  • Dekker, Thijs
  • Tinbergen Institute

Entstanden

  • 2019

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