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DOI | 10.1016/j.enpol.2017.07.046 |
Are small firms willing to pay for improved power supply? Evidence from a contingent valuation study in India | |
Ghosh, Ranjan1; Goyal, Yugank2; Rommel, Jens3; Sagebiel, Julian4 | |
2017-10-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 109 |
文章类型 | Article |
语种 | 英语 |
国家 | India; Germany |
英文摘要 | This paper provides new estimates on Indian small-scale manufacturing firms' willingness-to-pay (WTP) for reliable power supply. Almost half of Indian manufacturing lies in the small-scale sector, and its productivity is severely affected by power outages. However, there is a surprising paucity of research on small firms' WTP for avoiding outages. We conduct a double-bounded dichotomous choice contingent valuation experiment with a random sample of 260 small-scale firms in the region around Hyderabad. We find that on average, firms are willing to pay approximately 20% more for uninterrupted power supply. The WTP estimates and the explanatory factors for the firms' decisions were tested for robustness using both probit and bivariate probit models. In addition, a two-step Heckman correction was used to control for selection bias induced by protest responses. Our results are vital to understand behavior of small firms, which are crucial to India's economic growth. Further, the government's continued emphasis on power sector reforms makes the paper even more important as it provides realistic estimates for designing tariffs while keeping in mind the preferences of the small-scale industry. |
英文关键词 | Small-scale industry Power outages Reliability WTP India |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000412034400064 |
WOS关键词 | TO-PAY ; ELECTRICITY SHORTAGES ; INDUSTRIAL SECTOR ; CHOICE ; MODELS ; EFFICIENCY ; BIVARIATE ; RESPONSES ; COSTS |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18061 |
专题 | 气候变化 |
作者单位 | 1.Indian Inst Management Ahmedabad, Ahmadabad 380015, Gujarat, India; 2.OP Jindal Global Univ, Sonipat Narela Rd, Sonipat 131001, Haryana, India; 3.Leibniz Ctr Agr Landscape Res, Eberswalder Str 84, D-15374 Muncheberg, Germany; 4.Inst Ecol Econ Res, Potsdamer Str 105, D-10785 Berlin, Germany |
推荐引用方式 GB/T 7714 | Ghosh, Ranjan,Goyal, Yugank,Rommel, Jens,et al. Are small firms willing to pay for improved power supply? Evidence from a contingent valuation study in India[J]. ENERGY POLICY,2017,109. |
APA | Ghosh, Ranjan,Goyal, Yugank,Rommel, Jens,&Sagebiel, Julian.(2017).Are small firms willing to pay for improved power supply? Evidence from a contingent valuation study in India.ENERGY POLICY,109. |
MLA | Ghosh, Ranjan,et al."Are small firms willing to pay for improved power supply? Evidence from a contingent valuation study in India".ENERGY POLICY 109(2017). |
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