Situational economics

Besides employing engineers, Witteveen+Bos has social scientists skilled specifically in situational economics. They are experts in social cost-benefit analyses and the monetisation of environmental qualities, including nature, environment, water, soil, archaeology, cultural history, built monuments and social qualities like cohesion and participation. Given the numerous environmental qualities involved, the term 'environmental economics' no longer fits the bill, so we refer to situational economics.

Our situational economists develop new methods to facilitate decision-making, such as new guidance for social cost-benefit analyses when integrally developing an area, guidance for factoring cultural history into environmental impact reports and social cost-benefit analyses and a supplement to guidance for overall infrastructural effects for the valuation of the natural environment. In addition to developing methods we conduct empirical research to establish new experience-based figures/key ratios that enable measurement of situational qualities difficult to express in euro.

We are always pleased to apply our new methods and experience-based figures to all kinds of firm projects. It gives us an incentive to improve constantly and provides us with a good picture of what is necessary: which situational qualities and benefits have not yet been sufficiently covered in existing cost-benefit deliberations and what can we do to rectify the situation?

We do not conduct our studies in a vacuum, but as an integral part of a planning process in a politico-administrative context. Our consultants typically play a key coordinating role to ensure harmonisation of environmental impact reports and social cost-benefit analyses. They also act a process supervisors and/or stakeholder managers.