Economic Valuation of Electrical Service Reliability for Households’ in Developing Country: A Censored Random Coefficient Model Approach

Alastaire Sèna Alinsato

Makale detayları

Economic Valuation of Electrical Service Reliability for Households’ in Developing Country: A Censored Random Coefficient Model Approach

Yazarlar:

Alastaire Sèna Alinsato

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2015 Vol.5 Issue 1, pp.352-359

Belge Tipi:

Makale

Yayın Tarihi:

2/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000816606

Sıklık:

İki Aylık

eISSN:

2146-4553

Özet:

 

The paper investigates the households’ preference for electricity service reliability. Using a contingent valuation survey; we elicit Beninese urban households’ willingness to pay (WTP) to avoid power outages. In the study respondents are asked to state their WTP for avoiding six different unplanned outages. We therefore apply a random parameter Tobit model on a temporal panel data since there is cross-sectional heterogeneity and a proportion of zero responses. Based on the estimations, we find that the preference for electricity service reliability among household is higher during night time and weekend days and depends positively on the duration of the outages. These results tend to validate the thesis that households preference for electricity service reliability strongly depends on leisure time.

Makale detayları

Economic Valuation of Electrical Service Reliability for Households’ in Developing Country: A Censored Random Coefficient Model Approach

Yazarlar: Alastaire Sèna Alinsato

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Energy Economics and Policy 2015 Vol.5 Issue 1, pp.352-359

Belge Tipi: Makale

Yayın Tarihi: 2/2015

Belge Dili: Türkçe

Document ID (Org No.): 2000816606

Sıklık: İki Aylık

eISSN: 2146-4553

Sayı

Yazarlar:

Alastaire Sèna Alinsato

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2015 Vol.5 Issue 1, pp.352-359

Belge Tipi:

Makale

Yayın Tarihi:

2/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000816606

Sıklık:

İki Aylık

eISSN:

2146-4553