Use this URL to cite or link to this record in EThOS: http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.549793
Title: Estimating the willingness to pay for a reliable electricity supply in the Turkish Republic of Northern Cyprus
Author: Ozbafli, Aygul
Awarding Body: University of Birmingham
Current Institution: University of Birmingham
Date of Award: 2012
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Abstract:
This dissertation estimates households’ willingness to pay (WTP) for an improved electricity service in North Cyprus. Stated WTP is estimated using choice experiments (CE), contingent valuation methods (CVM), and approximated using the averting expenditure (AE) method. These estimates rely on data collected from 350 in-person interviews conducted during the period August 5-22, 2008. Using the Tobit model, an average household’s averting expenditures are estimated to be 3.13 YTL/month. In the CVM section, the spike model with varying spike, varying mean, and constant standard error specification results in a median WTP of 23.03 YTL per month and a mean WTP of 29.14 YTL per month. Using CE, compensating variation estimates for eliminating summer and winter outages are calculated using parameter estimates from the mixed logit (ML) model with interactions. The compensating variation is 6.65 YTL per month and 25.83 YTL per month respectively. Among the three valuation methodologies, WTP per hour unserved ranges from 0.13 YTL (0.11 USD) to 1.22 YTL (1.03 USD). In order to avoid the cost of outages, households are willing to incur a 1.5%-13.5% increase in their monthly electricity bill.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.549793  DOI: Not available
Keywords: HB Economic Theory ; HC Economic History and Conditions ; HD Industries. Land use. Labor
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