Title:

A new coefficient of economic valuation based on utility scores

Group publication title:

Argumenta Oeconomica

Creator:

Mariani, Paolo ; Mussini, Mauro

Subject and Keywords:

conjoint analysis ; willingness-to-pay ; economic valuation ; valuation of public goods ; pomiar wieloczynnikowy ; wartość ekonomiczna ; dobra publiczne

Description:

Argumenta Oeconomica, 2013, Nr 1 (30), s. 33-46

Abstrakt:

This paper proposes a new coefficient for measuring economic valuation based on utility scores and attribute importance values derived from standard conjoint analysis. The coefficient allows to quantify the impact of a change in an attribute of a good or service in monetary terms. We utilize the suggested coefficient for the economic valuation of a worldwide cultural event to reveal the trade-offs among its attributes in terms of total revenue variation. In addition, our findings indicate how the user degree of satisfaction affects the determinants of demand in generating an economic surplus or shortfall

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2013

Resource Type:

artykuł

Format:

application/pdf

Language:

eng

Relation:

Argumenta Oeconomica, 2013, Nr 1 (30)

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu