Rating the value of government-funded services: comparison of methods

Article Abstract:

Perceived value can be measured using several methods. Two common techniques are the contingent valuation and multiattribute methods which ask respondents how much they want to pay for a good or require them to evaluate its traits, respectively. Psychosocial techniques based on survey questionnaires may also be used, such as magnitude estimation and category rating procedures. These are compared with contingent valuation and multiattribute methods in examining the New Zealand public's valuation of 16 government services. The survey method is shown to be a good measure of public perception.

Measurement, Value (Economics)

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The value of services supplied by the New Zealand government

Article Abstract:

The perceived value of government services has been measured using several methods. Among those based on economic and psychological theories is a simple rating scheme using a fixed scale. This method is used in measuring the New Zealand public's valuation of 27 government services, including defense, welfare benefits, public education and police services. The results indicate low correlations between perceived value and the costs of the services, suggesting the existence of costly services that are relatively less valued.

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Remembering the price of wool

Article Abstract:

The subjective price memory of producers and the general public affects the future pricing of products. A survey of producers and consumers was performed to determine their price memory of wool from seven-14 years ago. The results have shown that price memory was distorted by the collective perception of the product's value. Old prices were overestimated while recent prices of wool were underestimated. Advertising negatively affected the accuracy of price memory.

Sheep and goats, Wool, Sheep Farming, Analysis, Prices and rates, Surveys, Memory, Textile industry, Price discrimination

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