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  • P-ISSN1013-0799
  • E-ISSN2586-2073
  • KCI

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Vol.24 No.1

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An Analysis of the Contingent Valuation Method to Measure the Economic Value of Public Libraries

Journal of the Korean Society for Information Management / Journal of the Korean Society for Information Management, (P)1013-0799; (E)2586-2073
2007, v.24 no.1, pp.187-208
https://doi.org/10.3743/KOSIM.2007.24.1.187


& (2007). An Analysis of the Contingent Valuation Method to Measure the Economic Value of Public Libraries. Journal of the Korean Society for Information Management, 24(1), 187-208, https://doi.org/10.3743/KOSIM.2007.24.1.187

Abstract

This study aims to present a new approach to measuring the economic value of the public libraries, identifying and suggesting the modified contingent valuation method (CVM) application. The modified CVM, which applied Dissonance Minimizing (DM) format, is presented as a new approach. A cost-benefit analysis is used as a tool to determine if the benefits of public libraries outweigh the cost incurred in providing the services. The benefits of public libraries are based on estimates of how much the user is willing to pay for the library services and costs are based on the prices of providing the services. A comparison between two methods are conducted in a case study in order to measure the economic value of 'J Public Library'. The study also conducts a case study to analyse the WTP value of the 'J Public Library' and demonstrates how public libraries approach the their local studies.

keywords
공공도서관, 서비스의 가치, 경제적 가치, 비용편익분석, 가상가치평가법, 부조화 감소, public library, service valuation, economic valuation, cost-benefit analysis, benefit, contingent valuation method, dissonance minimizing

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