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Role of Evidence-Based Assessment in Democracy

In: Impact Assessment for Developing Countries

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  • Takuya Nakaizumi

    (Kanto Gakuin University)

Abstract

While policy evaluation needs to be evidence-based, it also faces conflicts involving various stakeholders. Whether to prioritize interest alignment or evidence and objectivity in assessment is a major issue. In this chapter, we show that, in accordance with economic principles, the highest priority should be given to deriving socially optimal outcomes based on evidence, regardless of conflicts of interest. This is because it is desirable to conduct objective analysis in accordance with the relevant principles, even when information asymmetry exists between policymakers and stakeholders. We should recognize the existence of information rents based on the revelation principle and guarantee a certain amount of gain for providing correct information. Furthermore, encouraging evidence-based and voluntary citizen involvement will promote the resolution of the implementation problem.

Suggested Citation

  • Takuya Nakaizumi, 2022. "Role of Evidence-Based Assessment in Democracy," Contributions to Economics, in: Impact Assessment for Developing Countries, chapter 0, pages 17-26, Springer.
    • Handle: RePEc:spr:conchp:978-981-19-5494-8_2
    DOI: 10.1007/978-981-19-5494-8_2
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