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http://hdl.handle.net/10419/35892
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| Title: | | The effect of power outages and cheap talk on willingness to pay to reduce outages  |
| Authors: | | Carlsson, Fredrik Martinsson, Peter Akay, Alpaslan |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA Discussion Papers 4307 |
| 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 decreases the proportion of respondents with zero WTP. There is no significant effect in either case on stated WTP conditional on a positive WTP. The paper concludes with a discussion on the use of valuation studies shortly after the occurrence of an undesirable event. |
| Subjects: | | Contingent valuation cheap talk experience power outages |
| JEL: | | C25 D12 Q41 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-20090825460 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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