Contrasting the recommendations of participatory value evaluation and cost-benefit analysis in the context of urban mobility investments

Niek Mouter; Paul Koster; Thijs Dekker

doi:10.1016/j.tra.2020.12.008

Contrasting the recommendations of participatory value evaluation and cost-benefit analysis in the context of urban mobility investments

Niek Mouter^*
, Paul Koster
, Thijs Dekker

^*Corresponding author for this work

Spatial Economics

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

Participatory Value Evaluation (PVE) is a new method to assess the desirability of government projects. In a PVE, individuals select their preferred portfolio of government projects given a constrained public budget. Individuals’ preferences for (the impacts of) government projects can be determined based on these choices. The obtained preferences can be used to rank government projects in terms of their desirability. Cost-Benefit Analysis (CBA) is an alternative appraisal method used to assess the desirability of government projects. CBA establishes the desirability of public projects through analyzing people's trade-offs between their private income and impacts of public projects. The primary objective of this paper is to investigate whether CBA and PVE lead to different policy recommendations in the context of urban mobility investments. We conducted CBAs and a PVE for 16 urban mobility investment projects and find indicative evidence that projects which focus on improving traffic safety and improvements for cyclists/pedestrians rank higher in the PVE, whereas car projects rank higher in the CBA analysis.

Original language	English
Pages (from-to)	54-73
Number of pages	20
Journal	Transportation Research. Part A, Policy and Practice
Volume	144
Early online date	29 Dec 2020
DOIs	https://doi.org/10.1016/j.tra.2020.12.008
Publication status	Published - Feb 2021

Funding

The first and second author wish to thank the Netherlands Organisation for Scientific Research for financial support (NWO Responsible Innovation grant – 313-99-333). Moreover, the authors wish to thank the Transport Authority Amsterdam for financing the data collection and the design of the PVE.

Funders	Funder number
Transport Authority Amsterdam
Nederlandse Organisatie voor Wetenschappelijk Onderzoek	– 313-99-333

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 11 Sustainable Cities and Communities
SDG 17 Partnerships for the Goals

Keywords

Cost benefit analysis
Participation
Participatory value evaluation
Transport appraisal
Transport planning

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10.1016/j.tra.2020.12.008

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title = "Contrasting the recommendations of participatory value evaluation and cost-benefit analysis in the context of urban mobility investments",

abstract = "Participatory Value Evaluation (PVE) is a new method to assess the desirability of government projects. In a PVE, individuals select their preferred portfolio of government projects given a constrained public budget. Individuals{\textquoteright} preferences for (the impacts of) government projects can be determined based on these choices. The obtained preferences can be used to rank government projects in terms of their desirability. Cost-Benefit Analysis (CBA) is an alternative appraisal method used to assess the desirability of government projects. CBA establishes the desirability of public projects through analyzing people's trade-offs between their private income and impacts of public projects. The primary objective of this paper is to investigate whether CBA and PVE lead to different policy recommendations in the context of urban mobility investments. We conducted CBAs and a PVE for 16 urban mobility investment projects and find indicative evidence that projects which focus on improving traffic safety and improvements for cyclists/pedestrians rank higher in the PVE, whereas car projects rank higher in the CBA analysis.",

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AU - Koster, Paul

AU - Dekker, Thijs

PY - 2021/2

Y1 - 2021/2

N2 - Participatory Value Evaluation (PVE) is a new method to assess the desirability of government projects. In a PVE, individuals select their preferred portfolio of government projects given a constrained public budget. Individuals’ preferences for (the impacts of) government projects can be determined based on these choices. The obtained preferences can be used to rank government projects in terms of their desirability. Cost-Benefit Analysis (CBA) is an alternative appraisal method used to assess the desirability of government projects. CBA establishes the desirability of public projects through analyzing people's trade-offs between their private income and impacts of public projects. The primary objective of this paper is to investigate whether CBA and PVE lead to different policy recommendations in the context of urban mobility investments. We conducted CBAs and a PVE for 16 urban mobility investment projects and find indicative evidence that projects which focus on improving traffic safety and improvements for cyclists/pedestrians rank higher in the PVE, whereas car projects rank higher in the CBA analysis.

AB - Participatory Value Evaluation (PVE) is a new method to assess the desirability of government projects. In a PVE, individuals select their preferred portfolio of government projects given a constrained public budget. Individuals’ preferences for (the impacts of) government projects can be determined based on these choices. The obtained preferences can be used to rank government projects in terms of their desirability. Cost-Benefit Analysis (CBA) is an alternative appraisal method used to assess the desirability of government projects. CBA establishes the desirability of public projects through analyzing people's trade-offs between their private income and impacts of public projects. The primary objective of this paper is to investigate whether CBA and PVE lead to different policy recommendations in the context of urban mobility investments. We conducted CBAs and a PVE for 16 urban mobility investment projects and find indicative evidence that projects which focus on improving traffic safety and improvements for cyclists/pedestrians rank higher in the PVE, whereas car projects rank higher in the CBA analysis.

KW - Cost benefit analysis

KW - Participation

KW - Participatory value evaluation

KW - Transport appraisal

KW - Transport planning

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ER -

Contrasting the recommendations of participatory value evaluation and cost-benefit analysis in the context of urban mobility investments

Abstract

Funding

UN SDGs

Keywords

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