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A Study on the Measuring of the Economic Value of a Public Library

  • Journal of the Korean Society for Library and Information Science
  • 2006, 40(2), pp.243-262
  • Publisher : 한국문헌정보학회
  • Research Area : Interdisciplinary Studies > Library and Information Science

Soonhee Pyo 1

1성균관대학교

Accredited

ABSTRACT

Variety methods are applied to estimating the value of a public library. This study explored the methods valuing of a public library focused on the consumer surplus and contingent valuation and measured the direct economic value of a public library by using these methods. 84% of the respondents are perceived that public library impact their life. And the users indicated that they are willing to pay 8,720 won per month to use a public library and 1,470 won to borrow a book from the library. Given reasonable assumptions about the cost of service, users place a value on the use of a public library is 1/3 times, the borrowing a book from the library is 3 times.

Citation status

* References for papers published after 2022 are currently being built.