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Willingness to pay for renewable energy investment in Korea: A choice experiment study

Dates

Year
2010

Citation

Ku, S. J., and Yoo, S. H., 2010, Willingness to pay for renewable energy investment in Korea: A choice experiment study: Renewable & Sustainable Energy Reviews, v. 14, iss. 8, p. 2196-2201.

Summary

Renewable energy sources are considered as alternatives for coping with the high price of oil and global warming. The Korean government has set a target that 11% of the total primary energy supply should be obtained through renewable energy sources until 2030. In order to develop proper policies for renewable energy investment, it is necessary to analyze the benefits of renewable energy investment based on households' willingness to pay. This study attempts to apply a choice experiment (CE) for assessing renewable energy investment in Korea. Moreover, we employ a multinomial probit (MNP) model to relax the assumption that all respondents have the same preferences for the attributes being valued, which is usually required in empirical [...]

Contacts

Author :
Ku, S. J., Yoo, S. H.

Attached Files

Communities

  • Western Energy Citation Clearinghouse

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Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 1364-0321

Citation Extension

citationTypeJournal Article
journalRenewable & Sustainable Energy Reviews
parts
typePages
value2196-2201
typeVolume
value14
typeIssue
value8

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