Magnitude estimation of the utility of public goods
Article Abstract:
Stevens' (1957, 1975) method of magnitude estimation was investigated as a means of assessing the utility or subjective value of government-supplied goods and services. In Study 1, similar utility estimates of services provided by the West German government were obtained with different instruction sets, and, in Study 2, magnitude estimates and category ratings were highly correlated. In Study 3, student and general-public samples estimated the utility of both government- and privately supplied goods and services. Different utility-cost functions were found for the public and private items. In all studies, a weak positive relationship was found between estimated utilities and the costs of government-supplied services. Overall, the results suggest that there is an underlying construct of the utility of public goods and services, which magnitude estimation can be used to measure. (Reprinted by permission of the publisher.)
Publication Name: Journal of Applied Psychology
Subject: Social sciences
ISSN: 0021-9010
Year: 1991
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Direct estimates of SD sub y and the implications for utility analysis
Article Abstract:
Utility analysis suggests that human resources policies can have an economically significant impact on business organizations. Confidence in such conclusions, however, requires an accurate estimate of SD sub y. This article provides a validity check on prevailing subjective methods of SD sub y estimation by directly estimating SD sub y from unique field data. Using both simulated and field data, we first illustrate the range of potential bias associated with predictor unreliability in regression analysis and show how to calculate corrected values. We then discuss the methodological problems of directly estimating SD sub y with organizational data and provide a range of estimates for SD sub y. Our direct estimation of SD sub y yielded values ranging from 74% to 100% of mean salary, which are considerably greater than conventional subjective judgments. (Reprinted by permission of the publisher.)
Publication Name: Journal of Applied Psychology
Subject: Social sciences
ISSN: 0021-9010
Year: 1992
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Private and public sector managers: an empirical investigation of job characteristics and organizational climate
Article Abstract:
What are the perceptual differences between private and public managers? A study of 240 top managers in both private and public sector industries in Israel tested the hypotheses that performance-based rewards and policies that promote efficiency would both be higher in private than public sector management, and that private managers would evidence greater job satisfaction than public sector managers. The findings strongly backed these hypotheses.
Publication Name: Journal of Applied Psychology
Subject: Social sciences
ISSN: 0021-9010
Year: 1986
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