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33--46
Tytuł artykułu

A New Coefficient of Economic Valuation Based on Utility Scores

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
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.(original abstract)
Czasopismo
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Strony
33--46
Opis fizyczny
Twórcy
  • University of Milano-Bicocca, Italy
  • University of Milano-Bicocca, Italy
Bibliografia
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  • Mariani, P., Mussini, M., Zavarrone, E., The Measure of Economic Re-Evaluation: a Coefficient Based on Conjoint Analysis [in:] Ingrassia S., Rocci R., Vichi M., (eds.) New Perspective in Statistical Modeling and Data Analysis. Springer-Verlag, Heidelberg, 85- 92, 2011.
  • Mazzanti, M., Discrete Choice Model and Valuation Experiment, "Journal of Economic Studies", 30(6), pp. 584-604, 2003.
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171349471

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