@techreport{cf37599cf86b44cfb3b36145e0978cb3,
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 individuals{\textquoteright} 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. ",
author = "Niek Mouter and P.R. Koster and Thijs Dekker",
year = "2019",
month = dec,
language = "English",
series = "TI Discussion Paper Series",
publisher = "Tinbergen Institute",
number = "024/V",
type = "WorkingPaper",
institution = "Tinbergen Institute",
}