Weak and Strong Compensation for the Prioritization of Public Investments: Multidimensional Analysis for Pools

Gianluigi De Mare, Maria Fiorella Granata and Antonio Nesticò
Additional contact information
Gianluigi De Mare: Department of Civil Engineering, University of Salerno, Via Giovanni Paolo II, 132, Fisciano (SA) 84084, Italy
Maria Fiorella Granata: Department of Architecture, University of Palermo, Viale delle Scienze, ed, 14, Palermo 90128, Italy
Antonio Nesticò: Department of Civil Engineering, University of Salerno, Via Giovanni Paolo II, 132, Fisciano (SA) 84084, Italy

Sustainability, 2015, vol. 7, issue 12, 1-17

Abstract: Despite the economic crisis still heavily affecting most of Europe, a possible resumption can be found in the revitalization of public and private investments. These investments should be directed not only towards the strategic areas of infrastructures and production, but also to those which allow for a higher level of the quality of life (sports facilities, parks, etc. ). In such cases, the need to balance the reasons of financial sustainability with environmental and social profiles is even more evident. Thus, multicriteria techniques, supporting complex assessments, should be implemented together with a monetary feasibility study (cost-benefit analysis). Multidimensional methods allow for the aggregation of different profiles into overall indicators. This study gives an account of how the application and comparison of multi-criteria approaches based on tools characterized by a higher or lower level of compensation between criteria can broaden the spectrum of analysis of the problems and lead to a more subtle logic of funding for public works and works of public utility, with a more current and mature sharing of profitability between private investors and users of community infrastructures.

Keywords: multicriteria evaluation; economic assessment; sports facilities; strong and weak sustainability; SMART; PROMETHEE II (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
https://www.mdpi.com/2071-1050/7/12/15798/pdf (application/pdf)
https://www.mdpi.com/2071-1050/7/12/15798/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:7:y:2015:i:12:p:15798-16038:d:59844

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().