Using the Contingent Valuation Method for Dollar Valuations of Library Services

Fuente: ERIC Institute of Education Sciences
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Autore principale: Hider, Philip
Natura: Recurso educativo Open Access
Lingua:en
Pubblicazione: 2008
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author Hider, Philip
author_facet Hider, Philip
Hider, Philip
collection Education Resources Information Center
contents Using the Contingent Valuation Method for Dollar Valuations of Library Services Hider, Philip Public Libraries Foreign Countries Library Services Computation Evaluation Methods Financial Support Cost Effectiveness Surveys An application of the contingent valuation method (CVM) for estimating the economic value of a regional public library service is described, and some of the key methodological issues surrounding CVM and other stated preference techniques are discussed with reference to library use and funding contexts. Given the range of valuations that can result from different forms of question, it is important to only compare resulting benefit-cost ratios based on the same survey design. However, if CVM surveys are carefully designed and administered, they can produce estimates that are as convincing as those produced by other valuation methods. It was found that the Wagga Wagga City Library, in New South Wales, Australia, provides good value for the money, in line with that of other comparable studies in the United States and Norway.
format Recurso educativo Open Access
id eric_EJ875991
institution ERIC Institute of Education Sciences
language en
publishDate 2008
record_format eric
spellingShingle Using the Contingent Valuation Method for Dollar Valuations of Library Services
Hider, Philip
Public Libraries
Foreign Countries
Library Services
Computation
Evaluation Methods
Financial Support
Cost Effectiveness
Surveys
Using the Contingent Valuation Method for Dollar Valuations of Library Services Hider, Philip Public Libraries Foreign Countries Library Services Computation Evaluation Methods Financial Support Cost Effectiveness Surveys An application of the contingent valuation method (CVM) for estimating the economic value of a regional public library service is described, and some of the key methodological issues surrounding CVM and other stated preference techniques are discussed with reference to library use and funding contexts. Given the range of valuations that can result from different forms of question, it is important to only compare resulting benefit-cost ratios based on the same survey design. However, if CVM surveys are carefully designed and administered, they can produce estimates that are as convincing as those produced by other valuation methods. It was found that the Wagga Wagga City Library, in New South Wales, Australia, provides good value for the money, in line with that of other comparable studies in the United States and Norway.
title Using the Contingent Valuation Method for Dollar Valuations of Library Services
topic Public Libraries
Foreign Countries
Library Services
Computation
Evaluation Methods
Financial Support
Cost Effectiveness
Surveys
url https://eric.ed.gov/?id=EJ875991