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Title: Issues in using stated preference methodologies to value externalities of renewable and non-renewable energy production in Chile
Author: Aravena Novielli, Claudia Domenica
ISNI:       0000 0004 2740 7951
Awarding Body: Queen's University Belfast
Current Institution: Queen's University Belfast
Date of Award: 2012
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The rapid increase in electricity demand in Chile requires major investments in either renewable or non-renewable sources. This thesis values major externalities of different generation methods. It also investigates several methodological problems in using Stated Preference Methods. The thesis consists of four articles in Contingent Valuation and Choice Experiments. The first article considers future electricity supply in Chile by investigating households' preferences for different sources (renewable energy sources (RES), fossil fuels and large hydropower from Chilean Patagonia). Results indicate households are willing to pay a premium for RES. The second article considers the commonly observed internal inconsistency between single-bounded (SB) and double-bounded (DB) contingent valuation estimates found in the same dataset. Informing respondents in advance of the DB institution and Decision Rules for provision of the good is added to repetitive learning as a way to attenuate the SB-DB WTP difference. The third article investigates the implications of employing increasing or decreasing prices vectors on marginal values in a choice experiment and test for evidence consistent with prospect theory. It also analyzes the effect of excluding the price vector on marginal rates of substitutions (MRS) between attributes. Results support Neoclassical Theory. In the fourth article, we relax the assumption that choice experiments respondents attend all attributes and alternatives. Because of the important role that the price of the alternatives can play in the decision making process, we study how the price level may have consequences on consideration given to the other attributes. A discrete mixtures logit approach is used to accommodate respondents ignoring alternatives. Results indicate a higher propensity for respondents not to attend all the attributes in low cost as opposed to in high cost alternatives.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available