IDEAS home Printed from https://ideas.repec.org/p/tin/wpaper/20190024.html
   My bibliography  Save this paper

An introduction to Participatory Value Evaluation

Author

Listed:
  • Niek Mouter

    (Delft University of Technology)

  • Paul Koster

    (Vrije Universiteit Amsterdam)

  • Thijs Dekker

    (University of Leeds)

Abstract

Participatory Value Evaluation (PVE) is an evaluation method which infers the social welfare effects of public policies by eliciting individualsÕ preferences over the allocation of public budgets as well as their private income. In a PVE, individuals are asked to choose the best portfolio of projects subject to governmental and private budget constraints. This paper explains that PVE gives individuals the opportunity to express a broader range of preferences concerning (impacts of) government policies compared to existing valuation methods. The paper illustrates PVE with a case study on projects to mitigate flood risks in which 2,900 Dutch citizens participated.

Suggested Citation

  • Niek Mouter & Paul Koster & Thijs Dekker, 2019. "An introduction to Participatory Value Evaluation," Tinbergen Institute Discussion Papers 19-024/V, Tinbergen Institute, revised 15 Dec 2019.
    • Handle: RePEc:tin:wpaper:20190024
    as

    Download full text from publisher

    File URL: https://papers.tinbergen.nl/19024.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hestermann, Nina & Le Yaouanq, Yves & Treich, Nicolas, 2020. "An economic model of the meat paradox," European Economic Review, Elsevier, vol. 129(C).
    2. Mackie, Peter & Worsley, Tom & Eliasson, Jonas, 2014. "Transport appraisal revisited," Research in Transportation Economics, Elsevier, vol. 47(C), pages 3-18.
    3. Johansson-Stenman, Olof & Martinsson, Peter, 2008. "Are some lives more valuable? An ethical preferences approach," Journal of Health Economics, Elsevier, vol. 27(3), pages 739-752, May.
    4. Bhat, Chandra R., 2018. "A new flexible multiple discrete–continuous extreme value (MDCEV) choice model," Transportation Research Part B: Methodological, Elsevier, vol. 110(C), pages 261-279.
    5. Catherine L. Kling & Daniel J. Phaneuf & Jinhua Zhao, 2012. "From Exxon to BP: Has Some Number Become Better Than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 3-26, Fall.
    6. Nyborg, Karine, 2014. "Project evaluation with democratic decision-making: What does cost–benefit analysis really measure?," Ecological Economics, Elsevier, vol. 106(C), pages 124-131.
    7. Bruno Frey & Matthias Benz & Alois Stutzer, 2004. "Introducing Procedural Utility: Not Only What, but Also How Matters," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 160(3), pages 377-401, September.
    8. Mouter, Niek & van Cranenburgh, Sander & van Wee, Bert, 2017. "Do individuals have different preferences as consumer and citizen? The trade-off between travel time and safety," Transportation Research Part A: Policy and Practice, Elsevier, vol. 106(C), pages 333-349.
    9. Robin Boadway, 2006. "Principles of Cost-Benefit Analysis," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 2(1), pages 1-44, January.
    10. Ewa Zawojska & Mikołaj Czajkowski, 2015. "Re-examining empirical evidence on contingent valuation – Importance of incentive compatibility," Working Papers 2015-08, Faculty of Economic Sciences, University of Warsaw.
    11. Richard T. Carson, 2012. "Contingent Valuation: A Practical Alternative When Prices Aren't Available," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 27-42, Fall.
    12. Thijs Dekker & Paul (P.R.) Koster & Niek Mouter, 2019. "The economics of participatory value evaluation," Tinbergen Institute Discussion Papers 19-008/VIII, Tinbergen Institute.
    13. Nurmi, Väinö & Ahtiainen, Heini, 2018. "Distributional Weights in Environmental Valuation and Cost-benefit Analysis: Theory and Practice," Ecological Economics, Elsevier, vol. 150(C), pages 217-228.
    14. Jonathan Aldred, 2006. "Incommensurability and Monetary Valuation," Land Economics, University of Wisconsin Press, vol. 82(2), pages 141-161.
    15. Nyborg, Karine, 2000. "Homo Economicus and Homo Politicus: interpretation and aggregation of environmental values," Journal of Economic Behavior & Organization, Elsevier, vol. 42(3), pages 305-322, July.
    16. Bhat, Chandra R., 2008. "The multiple discrete-continuous extreme value (MDCEV) model: Role of utility function parameters, identification considerations, and model extensions," Transportation Research Part B: Methodological, Elsevier, vol. 42(3), pages 274-303, March.
    17. Amartya Sen, 1995. "Environmental Evaluation And Social Choice: Contingent Valuation And The Market Analogy," The Japanese Economic Review, Japanese Economic Association, vol. 46(1), pages 23-37, March.
    18. Thomas H. Stevens & Jaime Echeverria & Ronald J. Glass & Tim Hager & Thomas A. More, 1991. "Measuring the Existence Value of Wildlife: What Do CVM Estimates Really Show?," Land Economics, University of Wisconsin Press, vol. 67(4), pages 390-400.
    19. Vossler, Christian A. & Evans, Mary F., 2009. "Bridging the gap between the field and the lab: Environmental goods, policy maker input, and consequentiality," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 338-345, November.
    20. Koster, Hans R.A. & Ommeren, Jos van, 2015. "A shaky business: Natural gas extraction, earthquakes and house prices," European Economic Review, Elsevier, vol. 80(C), pages 120-139.
    21. Hans R.A. Koster & Jos N. van Ommeren, 2015. "Natural Gas Extraction, Earthquakes and House Prices," Tinbergen Institute Discussion Papers 15-038/VIII, Tinbergen Institute.
    22. Howley, Peter & Hynes, Stephen & O'Donoghue, Cathal, 2010. "The citizen versus consumer distinction: An exploration of individuals' preferences in Contingent Valuation studies," Ecological Economics, Elsevier, vol. 69(7), pages 1524-1531, May.
    23. Joseph Persky, 2001. "Cost-Benefit Analysis and the Classical Creed," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 199-208, Fall.
    24. Niek Mouter & Jan Annema & Bert Wee, 2015. "Managing the insolvable limitations of cost-benefit analysis: results of an interview based study," Transportation, Springer, vol. 42(2), pages 277-302, March.
    25. Jerry Hausman, 2012. "Contingent Valuation: From Dubious to Hopeless," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 43-56, Fall.
    26. Robert W. Hahn & Paul C. Tetlock, 2008. "Has Economic Analysis Improved Regulatory Decisions?," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 67-84, Winter.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mulderij, Lisanne S. & Hernández, José Ignacio & Mouter, Niek & Verkooijen, Kirsten T. & Wagemakers, Annemarie, 2021. "Citizen preferences regarding the public funding of projects promoting a healthy body weight among people with a low income," Social Science & Medicine, Elsevier, vol. 280(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mouter, Niek & Cabral, Manuel Ojeda & Dekker, Thijs & van Cranenburgh, Sander, 2019. "The value of travel time, noise pollution, recreation and biodiversity: A social choice valuation perspective," Research in Transportation Economics, Elsevier, vol. 76(C).
    2. Thijs Dekker & Paul (P.R.) Koster & Niek Mouter, 2019. "The economics of participatory value evaluation," Tinbergen Institute Discussion Papers 19-008/VIII, Tinbergen Institute.
    3. Mouter, Niek & Koster, Paul & Dekker, Thijs, 2021. "Contrasting the recommendations of participatory value evaluation and cost-benefit analysis in the context of urban mobility investments," Transportation Research Part A: Policy and Practice, Elsevier, vol. 144(C), pages 54-73.
    4. Niek Mouter & Paul Koster & Thijs Dekker, 2019. "Participatory Value Evaluation versus Cost-Benefit Analysis: comparing recommendations in the context of urban mobility investments," Tinbergen Institute Discussion Papers 19-046/VIII, Tinbergen Institute, revised 27 Jan 2020.
    5. Mouter, Niek & van Cranenburgh, Sander & van Wee, Bert, 2017. "Do individuals have different preferences as consumer and citizen? The trade-off between travel time and safety," Transportation Research Part A: Policy and Practice, Elsevier, vol. 106(C), pages 333-349.
    6. Timothy C. Haab & Matthew G. Interis & Daniel R. Petrolia & John C. Whitehead, 2013. "From Hopeless to Curious? Thoughts on Hausman's 'Dubious to Hopeless' Critique of Contingent Valuation," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 35(4), pages 593-612.
    7. Daniel R. Petrolia & Matthew G. Interis & Joonghyun Hwang, 2014. "America's Wetland? A National Survey of Willingness to Pay for Restoration of Louisiana's Coastal Wetlands," Marine Resource Economics, University of Chicago Press, vol. 29(1), pages 17-37.
    8. Mouter, Niek & van Cranenburgh, Sander & van Wee, Bert, 2017. "An empirical assessment of Dutch citizens' preferences for spatial equality in the context of a national transport investment plan," Journal of Transport Geography, Elsevier, vol. 60(C), pages 217-230.
    9. Peter A. Groothuis & Tanga M. Mohr & John C. Whitehead & Kristan Cockerill, 2015. "Payment and Policy Consequentiality in Contingent Valuation," Working Papers 15-04, Department of Economics, Appalachian State University.
    10. Sawe, Nik, 2017. "Using neuroeconomics to understand environmental valuation," Ecological Economics, Elsevier, vol. 135(C), pages 1-9.
    11. Drichoutis, Andreas C. & Vassilopoulos, Achilleas & Lusk, Jayson L. & Nayga, Rodolfo M. Jr., 2015. "Reference dependence, consequentiality and social desirability in value elicitation: A study of fair labor labeling," 143rd Joint EAAE/AAEA Seminar, March 25-27, 2015, Naples, Italy 202705, European Association of Agricultural Economists.
    12. Blomquist, Glenn C. & Coomes, Paul A. & Jepsen, Christopher & Koford, Brandon C. & Troske, Kenneth R., 2014. "Estimating the social value of higher education: willingness to pay for community and technical colleges," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 5(1), pages 3-41, January.
    13. Schläpfer, Felix, 2016. "Democratic valuation (DV): Using majority voting principles to value public services," Ecological Economics, Elsevier, vol. 122(C), pages 36-42.
    14. Stefan Eriksson & Per Johansson & Sophie Langenskiöld, 2017. "What is the right profile for getting a job? A stated choice experiment of the recruitment process," Empirical Economics, Springer, vol. 53(2), pages 803-826, September.
    15. Matthew Wiswall & Basit Zafar, 2018. "Preference for the Workplace, Investment in Human Capital, and Gender," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(1), pages 457-507.
    16. Bishop, Richard C., 2018. "Warm Glow, Good Feelings, and Contingent Valuation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(3), September.
    17. Ahlheim, Michael & Schneider, Friedrich, 2013. "Considering Household Size in Contingent Valuation Studies," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79974, Verein für Socialpolitik / German Economic Association.
    18. Helga Fehr-Duda & Robin Schimmelpfennig, 2018. "Wider die Zahlengläubigkeit: Sind Befragungsergebnisse eine gute Grundlage für wirtschaftspolitische Entscheidungen?," ECON - Working Papers 297, Department of Economics - University of Zurich, revised Dec 2018.
    19. Levan Elbakidze & Rodolfo M. Nayga, 2018. "The Adding-Up Test in an Incentivized Value Elicitation Mechanism: The Role of the Income Effect," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(3), pages 625-644, November.
    20. Paul Mwebaze & Jeff Bennett & Nigel W. Beebe & Gregor J. Devine & Paul Barro, 2018. "Economic Valuation of the Threat Posed by the Establishment of the Asian Tiger Mosquito in Australia," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(2), pages 357-379, October.

    More about this item

    Keywords

    Participatory Value Evaluation; Cost-Benefit Analysis; Benefit-Cost Analysis; Citizen Participation; Valuation Methods;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tin:wpaper:20190024. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tinbergen Office +31 (0)10-4088900 (email available below). General contact details of provider: https://edirc.repec.org/data/tinbenl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.