Several studies on different public values have been carried out in the field of public services. Authors, such as Bozeman, have called for a conciliation of these public values with economic and managerial values. Our paper examines this conciliation through selected public asset decisions. The purpose of this paper is to explain and analyse the values considered in public decisions to deduce the rationalities that guide decision-makers. It has been seen, within two Malagasy municipalities, that social public values are very present and prevail in the decisions made. This outcome indicates that decision-makers are more socially rational and less inclined to adopt economic and managerial rationality.