The Concept of Covaluation: Institutionalising the Involvement of Local (Public) Values in Regional Planning on Water

N. Van Schie and J.J. Bouma

Competition and Regulation in Network Industries, 2008, vol. 9, issue 4, 361-393

Abstract: This paper discusses the issue of valuation with respect to the use of water systems and related infrastructures in the context of regional planning. It is argued that a further institutionalisation of the integration of local (public) values into interactive decision making is needed. This requires an institutional design that embeds local values in the use of valuation methods and rules and guidelines relevant to regional planning. Existing procedures of valuation and weighing may still be used but in a context of co-valuation. However, co-valuation is characterized by its multi-actor approach towards valuation that assesses different and sometimes competing values. A case study was conducted to experiment with the combination of deliberation and weighing in local/regional spatial development concerning water systems and related infrastructures. Based on the case study and related research, some first steps towards the involvement of local values in decision making are proposed.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:sen:journl:v:9:i:4:y:2008:p:361-393

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