129616 20240104102231.0 doi 10.1002/mcda.1700 sideral 116538 ART-2020-116538 eng Sanaú, Jaime Universidad de Zaragoza (orcid)0000-0003-4403-044X The economic valuation of social aspects: A multicriteria approach based on input–output models1 2020 Decision making on the suitability of public investment projects has traditionally been based on the study of their economic feasibility. Since the end of the 1970s, this has been complemented by a more holistic vision of reality in which social and environmental aspects are explicitly considered alongside economic factors. This paper proposes a new evaluation methodology that allows for the valuation of social and environmental factors in economic terms. The methodology is based on use values (direct, indirect, and potential) and nonuse values (bequest and existence) that are usually studied for an environmental evaluation. The resulting economic value is obtained by the utilization of (a) input–output models to calculate the direct use value in monetary terms and (b) multicriteria techniques (especially the analytic hierarchy process) and comparative models to estimate the remaining use (indirect and potential) and nonuse values (bequest and existence). The methodology is applied to a real-life problem in Aragon. Access copy available to the general public Unrestricted info:eu-repo/grantAgreement/ES/MINECO/ECO2015-66673-R info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 0.462 2020 Strategy and Management 2020 Q2 Decision Sciences (miscellaneous) 2020 Q2 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Gómez-Bahillo, Carlos Universidad de Zaragoza (orcid)0000-0003-4031-3434 Moreno-Jiménez, José María Universidad de Zaragoza (orcid)0000-0002-5037-6976 4008 225 Universidad de Zaragoza Dpto. Estruc.Hª Econ.y Eco.Pb. Área Economía Aplicada 4009 775 Universidad de Zaragoza Dpto. Psicología y Sociología Área Sociología 4008 623 Universidad de Zaragoza Dpto. Estruc.Hª Econ.y Eco.Pb. Área Métodos Cuant.Econ.Empres 27, 1-2 (2020), 84-95 J. multi-criteria decis. anal. Journal of Multi-Criteria Decision Analysis 1057-9214 266114 http://zaguan.unizar.es/record/129616/files/texto_completo.pdf Postprint 1218603 http://zaguan.unizar.es/record/129616/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:129616 articulos driver 2024-01-04-09:05:34 ARTICLE