The effect of power outages and cheap talk on willingness to pay to reduce outages
(2011) In Energy Economics 33(5). p.790-798- 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. (C) 2011 Published by Elsevier B.V.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/4448562
- author
- Carlsson, F ; Martinsson, P and Akay, A
- publishing date
- 2011
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Contingent valuation, Cheap talk, Experience, Power outages
- in
- Energy Economics
- volume
- 33
- issue
- 5
- pages
- 790 - 798
- publisher
- Elsevier
- external identifiers
-
- scopus:80052147349
- ISSN
- 0140-9883
- DOI
- 10.1016/j.eneco.2011.01.004
- language
- English
- LU publication?
- no
- id
- 6a5b1594-bcc1-42d2-a6f6-75893abefece (old id 4448562)
- date added to LUP
- 2016-04-01 10:06:12
- date last changed
- 2022-02-09 22:40:02
@article{6a5b1594-bcc1-42d2-a6f6-75893abefece, 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. (C) 2011 Published by Elsevier B.V.}}, author = {{Carlsson, F and Martinsson, P and Akay, A}}, issn = {{0140-9883}}, keywords = {{Contingent valuation; Cheap talk; Experience; Power outages}}, language = {{eng}}, number = {{5}}, pages = {{790--798}}, publisher = {{Elsevier}}, series = {{Energy Economics}}, title = {{The effect of power outages and cheap talk on willingness to pay to reduce outages}}, url = {{http://dx.doi.org/10.1016/j.eneco.2011.01.004}}, doi = {{10.1016/j.eneco.2011.01.004}}, volume = {{33}}, year = {{2011}}, }