Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/26355

TitleValuing wind farms’ environmental impacts by geographical distance : a contingent valuation study in Portugal
Author(s)Botelho, Anabela
Pinto, Lígia
Sousa, Patrícia Cristina Cruz de
KeywordsContingent valuation
Uncertainty
Renewable energy
Stochastic frontier models
Willingness to pay/accep
Hypothetical bias
Issue dateJul-2013
PublisherUniversidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA)
Abstract(s)Wind energy is currently one the most important energy sources in the production of electricity. In this study, we use the CVM to elicit the monetary value attached to wind power’s environmental impacts from three different groups of individuals: local residents, residents in a nearby town, and residents outside the area of a wind farm located in Portugal, one of the top 10 countries in the world with the highest cumulative wind power capacity to date. In each case, our empirical analysis employs a novel likelihood function that is constructed to be appropriate for the type of data collected. The main results are supportive of a NYMBY effect, but also indicate that the amount needed to compensate local residents for the negative impacts caused by the wind farm can be raised by the constitution of a compensation fund paid by non-residents, thereby overcoming the inefficiency caused by the NYMBY effect.
TypeWorking paper
URIhttp://hdl.handle.net/1822/26355
Peer-Reviewedno
AccessOpen access
Appears in Collections:NIMA - Documentos de Trabalho/Working Papers

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