The Economic Value of Book Loans - The Case of the Municipal Library of Prague
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F16%3A39902034" target="_blank" >RIV/00216275:25410/16:39902034 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1515/libri-2016-0057" target="_blank" >http://dx.doi.org/10.1515/libri-2016-0057</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1515/libri-2016-0057" target="_blank" >10.1515/libri-2016-0057</a>
Alternative languages
Result language
angličtina
Original language name
The Economic Value of Book Loans - The Case of the Municipal Library of Prague
Original language description
In recent years, the value of public library services has tended to be evaluated using the contingent valuation method. This is able to reveal readers' hidden preferences. However, it appears that the total value of a public library as expressed by one number leads to a methodological bias related to the difficulty of assessing the value of one standard book loan. Moreover, this approach does not reflect the needs of the public libraries' management. Therefore, this study focuses on a detailed investigation of the most important public library service, book loans. For this purpose, we have employed statistical models to identify the significant determinants of willingness to pay (WTP) for book loans and WTP for purchasing books, respectively. The results suggest that loan services have the greatest perceived value for students, people who are economically active. Management who are interested in increasing the success of their institution across society must also know the perceived value of individual books so that they can adjust their library's acquisition policy. It was found that novels had the highest perceived value, followed by educational literature in the fields of economics and education as well as information science. This entirely new analytical method of measuring WTP for public services raises many new implications that could change the strategies of individual libraries - as well as the public policy strategies of donors and library ownership.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
LIBRI - International Journal of Libraries and Information Studies
ISSN
0024-2667
e-ISSN
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Volume of the periodical
66
Issue of the periodical within the volume
4
Country of publishing house
DE - GERMANY
Number of pages
9
Pages from-to
303-311
UT code for WoS article
000391934000005
EID of the result in the Scopus database
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