TY - JOUR
T1 - How much are technical services worth? Using the contingent valuation method to estimate the added value of collection management and access
AU - Hider, Philip
N1 - Imported on 12 Apr 2017 - DigiTool details were: Journal title (773t) = Library Resources and Technical Services. ISSNs: 0024-2527;
PY - 2008
Y1 - 2008
N2 - This paper reports on an application of the contingent valuation method in order to establish a dollar estimate of the value added to a collection by a library's technical services. The overall benefit-cost ratio of the Wagga Wagga City Library, in New South Wales, Australia, was estimated to be 1.33:1, whereas the benefit-cost ratio of its technical services was found to be much higher, at 2.4:1, indicating the particular importance of this work. The use of stated preference techniques such as contingent valuation is discussed, with reference to library and technical service contexts.
AB - This paper reports on an application of the contingent valuation method in order to establish a dollar estimate of the value added to a collection by a library's technical services. The overall benefit-cost ratio of the Wagga Wagga City Library, in New South Wales, Australia, was estimated to be 1.33:1, whereas the benefit-cost ratio of its technical services was found to be much higher, at 2.4:1, indicating the particular importance of this work. The use of stated preference techniques such as contingent valuation is discussed, with reference to library and technical service contexts.
KW - Open access version available
KW - Contingent valuation
KW - Technical services
M3 - Article
VL - 52
SP - 254
EP - 262
JO - Library Resources and Technical Services
JF - Library Resources and Technical Services
SN - 1091-9066
IS - 4
ER -