Document Keyword: valuation

  • A Discussion Document on the Valuation of Social Outcomes

    A Discussion Document on the Valuation of Social Outcomes

    There is growing recognition and interest in the valuation of social outcomes, and Social Value International (SVI) and the World Business Council for Sustainable Development (WBCSD) convened a meeting of experts to further the debate. This document is the result of the result of the meeting in September 2015 that took place in the Bellagio Center on Lake Como in Italy, and was sponsored by the Rockefeller Foundation. The meeting brought together 22 individuals from a range of sectors and countries to discuss the variety of valuation techniques, their relationship to one another, and how they can be mapped and brought together with clearer guidance. This report is the result of the global meeting, and is designed to garner cross-sector discussion and alignment – with a particular focus on the assigning of monetary values to social outcomes. We hope you enjoy the document, that it adds to the ongoing debate and discussion around these important issues.
  • Valuation of a life

    Valuation of a life

    Perhaps the most controversial aspect of valuation is the attempt to ascribe a financial value to a human life. Understandably, for ethical, religious or philosophical reasons, many people oppose the valuation of something commonly perceived as priceless, and argue that no monetary figure could possibly compensate entirely for the loss of a life.

    Despite the reluctance of some, determining the value of a life is necessary for policy makers and those involved in health and safety. As resources are finite and not every premature death can be realistically avoided, decisions in improving public health through medical procedures or safety regulations are being made. Without this information it may be difficult to target spending and resources effectively.

    This document first appeared as a blog on the Global Value Exchange.

  • Valuation Techniques for Social Cost-Benefit Analysis

    Valuation Techniques for Social Cost-Benefit Analysis

    The Green Book refers to two techniques for the valuation of non-market impacts: Stated
    Preference and Revealed Preference methods. Stated Preference uses specially constructed questionnaires to elicit estimates of people‘s Willingness to Pay for (or Willingness to Accept) a particular outcome. Revealed preference observes people‘s behaviour in related markets. These preference-based‘ techniques have been in use for some time as an essential part of Social CostBenefit Analysis. During this time, the behavioural sciences and other research has built up an evidence base about the potential uses of these methods, as well as their limitations.new mehods in valuation

     

     

     

     

     

    Author: The SROI Network

    Date: 17 February, 2012