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http://dx.doi.org/10.3743/KOSIM.2012.29.2.173

The Comparative Study of Public Library Valuation Using CVM: Case of the Payment Vehicles  

Pyo, Soon-Hee (성균관대학교 정보관리연구소)
Publication Information
Journal of the Korean Society for information Management / v.29, no.2, 2012 , pp. 173-191 More about this Journal
Abstract
CVM (Contingent Valuation Method) has been most widely used for valuation of public libraries. However, there have been a debate on the validity of CVM in that many kind of biases could exist due to its hypothetical nature, the type of questions, payment vehicles and so on. To ensure the validity and reliability of public library valuation, this study analyzed the effects of payment vehicles to valuation using CVM. Three types of payment vehicle, tax, donation, fee were used to pay in hypothetical market. As a result, these payment vehicles estimated the different WTP and donation produced 14,542 won, which is the highest WTP.
Keywords
public library; valuation; CVM; Contingent Valuation Method; payment vehicle;
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Times Cited By KSCI : 3  (Citation Analysis)
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