CERE Working Papers, CERE - the Center for Environmental and Resource Economics
Determinants of willingness-to-pay for renewable energy: does the age of nuclear power plant reactors matter?
(), Hermann Pythagore Pierre Donfouet and Bengt Kriström
Abstract: Many countries are facing a dilemma over whether to extend
the lives of their old reactors or make costly capital investments on
Renewable Energy (RE). This paper explores the determinants of
Willingness-To-Pay (WTP) for RE in France by means of a contingent
valuation question that was included in a large web survey organized by the
OECD. The main contribution of our paper is to test whether people living
close to a reactor are sensitive to the age of the reactor. We find that
the age of the reactor has a positive effect on WTP for RE.
Keywords: Contingent valuation; nuclear power plant; renewable energy; (follow links to similar papers)
JEL-Codes: C82; I10; Q21; (follow links to similar papers)
19 pages, October 13, 2014
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