The effect of power outages and cheap talk on willingness to pay to reduce outages

A-Tier
Journal: Energy Economics
Year: 2011
Volume: 33
Issue: 5
Pages: 790-798

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Using an open-ended contingent valuation survey, we analyze how (i) experience of a power outage due to one of the worst storms ever to hit Sweden and (ii) a cheap talk script affect respondents' WTP to avoid power outages. Experience significantly increases and a cheap talk script significantly decreases the proportion of respondents with zero WTP, and as a result stated WTP is lower with experience and the cheap talk script. The paper concludes with a discussion on the use of valuation studies shortly after the occurrence of an undesirable event.

Technical Details

RePEc Handle
repec:eee:eneeco:v:33:y:2011:i:5:p:790-798
Journal Field
Energy
Author Count
3
Added to Database
2026-01-25