Valuation tools and politicians’ willingness to sell public real estate: A survey experiment

Rowie Huijbregts, Bert George, Victor Bekkers

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Public managers often employ valuation tools to support policymakers. These tools are expected to rationalize decision-making. Using a vignette-based, randomized survey experiment with Flemish politicians, the authors study the effect of the type of valuation tool, valuation outcome, and asset salience on politicians’ willingness to sell public real estate assets. The purpose is to test whether valuation tools indeed spark rational reactions from politicians, thus demonstrating their value as decision-making support. Findings suggest that cognitive biases emerge when politicians are confronted with valuation tools. Public managers need to take those biases in account when employing valuation tools.

Original languageEnglish
Pages (from-to)882-902
Number of pages21
JournalPublic Management Review (online)
Volume24
Issue number6
DOIs
Publication statusPublished - 29 Jan 2021

Bibliographical note

Publisher Copyright:
© 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.

Fingerprint

Dive into the research topics of 'Valuation tools and politicians’ willingness to sell public real estate: A survey experiment'. Together they form a unique fingerprint.

Cite this