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Article: Deliberative monetary valuation: In search of a democratic and value plural approach to environmental policy

TitleDeliberative monetary valuation: In search of a democratic and value plural approach to environmental policy
Authors
KeywordsValue pluralism
Environmental valuation
Ecological economics
Deliberative democracy
Monetary valuation
Public policy
Stated preferences
Ethics
Issue Date2013
Citation
Journal of Economic Surveys, 2013, v. 27, n. 4, p. 768-789 How to Cite?
AbstractThe use of deliberative methods to assess environmental values in monetary terms has been motivated by the potential for small group discussion to help with preference formation and the inclusion of non-economic values. In this review, two broad approaches are identified: preference economisation and preference moralisation. The former is analytical, concentrates upon issues of poor respondent cognition and produces a narrow conception of value linked to utilitarianism. The latter emphasises political legitimacy, appeals to community values and tends to privilege arguments made in the public interest. Both approaches are shown to embrace forms of value convergence, which undermine the prospects for value pluralism. As a result exclusion and predefinition of values dominates current practice. In order to maintain democratic credentials, the importance attributed to monetary value needs to be left as an open question to be addressed as part of a process determining an "agreement to pay". To this end we identify a discourse-based approach as a third way consistent with the democratic and value plural potential of deliberative monetary valuation. © 2012 John Wiley & Sons Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/210116
ISSN
2015 Impact Factor: 2.091
2015 SCImago Journal Rankings: 2.080

 

DC FieldValueLanguage
dc.contributor.authorLo, Alex Y.-
dc.contributor.authorSpash, Clive L.-
dc.date.accessioned2015-05-22T06:06:41Z-
dc.date.available2015-05-22T06:06:41Z-
dc.date.issued2013-
dc.identifier.citationJournal of Economic Surveys, 2013, v. 27, n. 4, p. 768-789-
dc.identifier.issn0950-0804-
dc.identifier.urihttp://hdl.handle.net/10722/210116-
dc.description.abstractThe use of deliberative methods to assess environmental values in monetary terms has been motivated by the potential for small group discussion to help with preference formation and the inclusion of non-economic values. In this review, two broad approaches are identified: preference economisation and preference moralisation. The former is analytical, concentrates upon issues of poor respondent cognition and produces a narrow conception of value linked to utilitarianism. The latter emphasises political legitimacy, appeals to community values and tends to privilege arguments made in the public interest. Both approaches are shown to embrace forms of value convergence, which undermine the prospects for value pluralism. As a result exclusion and predefinition of values dominates current practice. In order to maintain democratic credentials, the importance attributed to monetary value needs to be left as an open question to be addressed as part of a process determining an "agreement to pay". To this end we identify a discourse-based approach as a third way consistent with the democratic and value plural potential of deliberative monetary valuation. © 2012 John Wiley & Sons Ltd.-
dc.languageeng-
dc.relation.ispartofJournal of Economic Surveys-
dc.subjectValue pluralism-
dc.subjectEnvironmental valuation-
dc.subjectEcological economics-
dc.subjectDeliberative democracy-
dc.subjectMonetary valuation-
dc.subjectPublic policy-
dc.subjectStated preferences-
dc.subjectEthics-
dc.titleDeliberative monetary valuation: In search of a democratic and value plural approach to environmental policy-
dc.typeArticle-
dc.description.natureLink_to_subscribed_fulltext-
dc.identifier.doi10.1111/j.1467-6419.2011.00718.x-
dc.identifier.scopuseid_2-s2.0-84880512140-
dc.identifier.hkuros244411-
dc.identifier.volume27-
dc.identifier.issue4-
dc.identifier.spage768-
dc.identifier.epage789-
dc.identifier.eissn1467-6419-

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