Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98413
Authors: 
Sundt, Swantje
Rehdanz, Katrin
Year of Publication: 
2014
Series/Report no.: 
Kiel Working Paper 1931
Abstract: 
The number of studies published focusing on people's preferences for green electricity has increased steadily, making it more and more difficult to identify key explanatory factors that determine people's willingness-to-pay (WTP). Based on results of a meta-regression our results indicate e.g. that hydropower is the least preferred technology. Variables such as information on the type of power plant that will be replaced by renewables, which are often omitted from primary valuation studies, are important in explaining differences in values as well. When assessing the predictive power of our results for out-of-sample value transfers we find median errors of approximately 30%, depending on model specification.
Subjects: 
meta-analysis
renewable energy
valuation
value transfer
willingness to pay
JEL: 
C53
D62
Q40
Q48
Q51
Document Type: 
Working Paper

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