%0 Journal Article
%T HYPOTHETICAL MARKET FAMILIARITY AND THE DISCONNECT BETWEEN STATED AND OBSERVED VALUES FOR GREEN ENERGY
%A Charles Sims
%J International Journal of Energy Economics and Policy
%D 2013
%I EconJournals
%X Participation rates and utility premiums for green power programs are generally less than implied by contingent valuation studies. This study compares open-ended and dichotomous-choice responses with actual participation rates of a green power program to examine the effect of hypothetical market familiarity. Traditionally, respondents are asked to value a renewable energy ˇ°blockˇ± which represents a quality improvement in a percentage of a good. When placed in a more familiar market setting, stated values are more closely aligned with premiums currently charged. Participation rates remain exaggerated indicating responses are viewed as a vote in favor of or against cleaner energy sources.
%K Contingent valuation
%K green energy programs
%K renewable energy blocks
%K scope effects
%K coal-fired power plants
%K single-bounded dichotomous choice
%U http://www.econjournals.com/index.php/ijeep/article/view/311/185