Template-Type:  ReDIF-Paper 1.0
Series:  Tinbergen Institute Discussion Papers
Creation-Date: 2019-03-23
Revision-Date: 2019-12-15
Number: 19-024/V
Author-Name: Niek Mouter
Author-Workplace-Name: Delft University of Technology 
Author-Name: Paul Koster
Author-Workplace-Name: Vrije Universiteit Amsterdam
Author-Name: Thijs Dekker
Author-Workplace-Name: University of Leeds
Title: An introduction to Participatory Value Evaluation
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.
Keywords: Participatory Value Evaluation, Cost-Benefit Analysis, Benefit-Cost Analysis, Citizen Participation, Valuation Methods
File-Url: https://papers.tinbergen.nl/19024.pdf
File-Format:  application/pdf
File-Size: 970358 bytes
Handle:  RePEc:tin:wpaper:20190024