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

  • Journal of the Korean Society for Information Management
  • Abbr : JKOSIM
  • 2012, 29(2), pp.173~191
  • DOI : 10.3743/KOSIM.2012.29.2.173
  • Publisher : 한국정보관리학회
  • Research Area : Interdisciplinary Studies > Library and Information Science
  • Received : May 23, 2012
  • Accepted : June 22, 2012
  • Published : June 30, 2012

Soonhee Pyo 1

1성균관대학교

Accredited

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.

Citation status

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This paper was written with support from the National Research Foundation of Korea.