Arbeitspapier
How much internalization of nuclear risk through liability insurance?
An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the associated financial risks is through mandating nuclear operators to have liability insurance. This paper presents estimates of consumers' willingness to pay for increased financial security provided by an extension of coverage, based on the 'stated choice' approach. A Swiss citizen with median characteristics may be willing to pay 0.14 US cents per kwh to increase coverage beyond the current CHF 0.7 billion (bn.) (US$ 0.47 bn.). Marginal willingness to pay declines with higher coverage but exceeds marginal cost at least up to CHF 4 bn.(US$ 2.7 bn.). An extension of nuclear liability insurance coverage therefore may be efficiency-enhancing.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 0211
- Classification
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Wirtschaft
- Subject
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Kernenergie
Haftpflichtversicherung
Willingness to pay
Schätzung
Theorie
Schweiz
- Event
-
Geistige Schöpfung
- (who)
-
Schneider, Yves
Zweifel, Peter
- Event
-
Veröffentlichung
- (who)
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University of Zurich, Socioeconomic Institute
- (where)
-
Zurich
- (when)
-
2002
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the 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
- Schneider, Yves
- Zweifel, Peter
- University of Zurich, Socioeconomic Institute
Time of origin
- 2002
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