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| 1 |
ID:
115133
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| Publication |
2012.
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| Summary/Abstract |
A choice experiment exercise is combined with psychometric scales in order: (1) to identify factors that explain support/opposition toward a wind energy development project; and (2) to assess (monetary) trade-offs between attributes of the project. A Latent Class estimator is fitted to the data, and different utility parameters are estimated, conditional on class allocation. It is found that the probability of class membership depends on specific psychometric variables. Visual impacts on valued sites are an important factor of opposition toward a project, and this effect is magnified when identity values are attached to the specific site, so much that no trade-off would be acceptable for a class of individuals characterized by strong place attachment. Conversely, other classes of individuals are willing to accept compensations, in form of private and/or public benefits. The distribution of benefits in the territory, and preservation of the option value related to the possible development of an archeological site, are important for a class of individuals concerned with the sustainability of the local economy.
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| 2 |
ID:
169850
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| Summary/Abstract |
Nuclear energy represents an essential component of the energy mix in the United Kingdom (UK). While most of the existing nuclear plants are scheduled to be decommissioned, new reactors are in the process of being built. Looking ahead, IV generation nuclear energy technology, that aims to minimize some of the hazards of current technologies, is under research and development (R&D). This paper investigates social acceptance of IV generation nuclear energy, examining both willingness to accept (WTA) new nuclear power plants and willingness to pay (WTP) for further research of IV generation technology. Choice experiments (CE) were employed to assess WTA, while contingent valuation (CV) was used to unveil WTP. Results revealed the presence of four segments of respondents: moderate supporters, strong opposers, and two groups of moderate opposers of new nuclear power plants. Interestingly, even amongst strong opposers there are individuals willing to pay for R&D of IV generation technology. Policies aimed at fostering trust – if deserved – towards nuclear energy corporations and authorities, as well as showing tangible progress of R&D to raise confidence among the public are key to foster acceptance of this nuclear energy technology.
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| 3 |
ID:
144516
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| Summary/Abstract |
Using choice experiments, we estimate the willingness to pay for price insurance among cotton and paddy farmers in the Indian state of Gujarat. We also identify the interactions between the demand for price insurance and existing informal and formal risk management mechanisms. Our results indicate that cotton farmers value price insurance more than paddy farmers. Also, most of the existing informal risk management strategies seem to have a positive effect on the demand for price insurance, suggesting potential complementarities. Important policy implications on the design and bundling of innovative financial products follow from our findings.
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| 4 |
ID:
111400
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| Publication |
2012.
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| Summary/Abstract |
In Italy there has been considerable political debate around the new energy policy, which is speci?cally designed to contribute to climate change mitigation. While there is renewed interest in nuclear energy generation, there has been heated debate concerning wind farms that have rapidly expanded and are dramatically changing the landscape in many rural areas. Finally, interest has also increased in biomass as an energy source. However, in this case, a significant part of the population is worried about landscape change and primary crop reduction. In this study we report the results from a nation-wide survey (=504 households) in Italy undertaken during summer 2009. A Latent Class Choice Experiment was used to quantify household preferences over different energy sources. Our results show that Italian households can be split into three segments with homogeneous preferences. The first segment (35% of the population) shows strong preference for wind and solar energy and dislikes both biomass and nuclear. The second (33% of the population) shows moderate preference for solar and wind energy and, as with the first segment, dislikes both nuclear and biomass. The third (32% of the population) shows a strong preference for green energy (solar, wind and biomass) and is very much against nuclear energy. The three segments were also characterized in terms of household socio-economic characteristics.
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| 5 |
ID:
111385
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| Publication |
2012.
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| Summary/Abstract |
This paper presents a choice experiment analyzing the consumers' preferences towards a policy for replacing conventional electricity with electricity generated from forest biomass. The results show that consumers specially prefer the effects related to the lower risk of forest fires and to the decrease in pressure on non-renewable resources. The article also presents a methodological test in relation to the payment timeframe and its effect on marginal willingness to pay and consistency of responses using choice experiments. The most frequent and realistic payments are associated with lower presence of inconsistent responses. Finally, we cannot reject the null hypothesis of no effects of payment timeframe on marginal willingness to pay.
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| 6 |
ID:
149941
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| Summary/Abstract |
Wind power development projects often include compensation for the affected communities, but little is known about the efficacy of the alternative compensation mechanisms. This study addresses this question by examining the relative potential of private and public compensation. We conduct a Choice Experiment (CE) that investigates household preferences of compensation for the local siting of a hypothetical wind park. Households chose among different alternatives, where each alternative was characterized by three varying attributes: the number of turbines, the level of private compensation, and the level of public compensation. Results indicate the wind park imposes welfare losses to local residents and non-local recreational users, with about 35% of these losses corresponding to non-use values. Findings show that households prefer public compensation to private compensation, with household’s willingness to accept being lower with public compensation than private compensation. This finding suggests that estimates of local resistance to wind development depends on the compensation mechanism.
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| 7 |
ID:
168657
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| Summary/Abstract |
The willingness to accept the construction of wind farms on private properties is investigated using a latent class model approach. This type of research is required in view of the frequent conflicts between landowners and system operators, who often pay little in easement compensation.
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