Arbeitspapier
Consumer's willingness to pay for green electricity: A meta-analysis of the literature
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.
- Language
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Englisch
- Bibliographic citation
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Series: Kiel Working Paper ; No. 1931
- Classification
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Wirtschaft
Forecasting Models; Simulation Methods
Externalities
Energy: General
Energy: Government Policy
Valuation of Environmental Effects
- Subject
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meta-analysis
renewable energy
valuation
value transfer
willingness to pay
- Event
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Geistige Schöpfung
- (who)
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Sundt, Swantje
Rehdanz, Katrin
- Event
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Veröffentlichung
- (who)
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Kiel Institute for the World Economy (IfW)
- (where)
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Kiel
- (when)
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2014
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Sundt, Swantje
- Rehdanz, Katrin
- Kiel Institute for the World Economy (IfW)
Time of origin
- 2014