A participatory budget model under uncertainty

J. Gomez, D. Rios Insua and C. Alfaro

European Journal of Operational Research, 2016, vol. 249, issue 1, 351-358

Abstract: Participatory budgets are becoming increasingly popular in many municipalities all over the world. The underlying idea is to allow citizens to participate in the allocation of a fraction of the municipal budget. There are many variants of such processes. However, in most cases they assume a fixed budget based upon a maximum amount of money to be spent. This approach seems lacking, especially in times of crisis when public funding suffers high volatility and widespread cuts. In this paper, we propose a model for participatory budgeting under uncertainty based on stochastic programming.

Keywords: Participatory budgeting; Multicriteria decision making; Resource allocation; Decision making under uncertainty; Flexible budgeting (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:249:y:2016:i:1:p:351-358

DOI: 10.1016/j.ejor.2015.09.024

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