Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/35892
Authors: 
Carlsson, Fredrik
Martinsson, Peter
Akay, Alpaslan
Year of Publication: 
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: 
Document Type: 
Working Paper

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