EconPapers    
Economics at your fingertips  
 

The economics of participatory value evaluation

Thijs Dekker (), Paul Koster () and Niek Mouter ()
Additional contact information
Niek Mouter: Technical University Delft

No 19-008/VIII, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper develops a novel approach to the economic evaluation of public policies: participatory value evaluation (PVE). PVE involves citizens directly in decisions of the government, taking into account governmental and individual budget constraints. Citizens receive reliable information on social impacts and can choose the best portfolio of projects according to their social preferences. This paper develops the economic and econometric theoretical framework for fixed budget and flexible budget PVE experiments which allows us to directly measure the change in social welfare for investments in water infrastructure in The Netherlands.

Keywords: participatory value evaluation; cost-benefit assessment; welfare analysis; discrete-continuous choice models (search for similar items in EconPapers)
JEL-codes: H43 C35 C91 D63 D71 (search for similar items in EconPapers)
Date: 2019-01-27
New Economics Papers: this item is included in nep-dcm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://papers.tinbergen.nl/19008.pdf (application/pdf)

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:tin:wpaper:20190008

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().

 
Page updated 2020-03-29
Handle: RePEc:tin:wpaper:20190008