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Determinants of willingness-to-pay for renewable energy: does the age of nuclear power plant reactors matter?

Author

Listed:
  • Mahieu, Pierre-Alexandre

    (LEMNA)

  • Donfouet, Hermann Pythagore Pierre

    (CREM)

  • Kriström, Bengt

    (CERE)

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.

Suggested Citation

  • Mahieu, Pierre-Alexandre & Donfouet, Hermann Pythagore Pierre & Kriström, Bengt, 2014. "Determinants of willingness-to-pay for renewable energy: does the age of nuclear power plant reactors matter?," CERE Working Papers 2014:14, CERE - the Center for Environmental and Resource Economics.
    • Handle: RePEc:hhs:slucer:2014_014
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    Cited by:

    1. Gianluca Grilli, 2017. "Renewable energy and willingness to pay: Evidences from a meta-analysis," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2017(1-2), pages 253-271.
    2. Galzi, Pierre-Yves, 2023. "Do green electricity consumers contribute to the increase in electricity generation capacity from renewable energy sources? Evidence from France," Energy Policy, Elsevier, vol. 179(C).

    More about this item

    Keywords

    Contingent valuation; nuclear power plant; renewable energy;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • I10 - Health, Education, and Welfare - - Health - - - General
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices

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