Heterogeneity in willingness to pay for the location of offshore wind power development: An application of the willingness to pay space model

Jacob Ladenburg and Maria Skotte

Energy, 2022, vol. 241, issue C

Abstract: Preferences for developing 3600 MW offshore wind farms in Denmark are estimated based on data from a choice experiment. The variation in willingness to pay for the location of offshore wind power development at 8, 12, 18, or 50 km from shore is analysed as a function of gender, age, education, income, wind turbine viewshed, and beach visits. With a willingness to pay space mixlogit model, we find that willingness to pay varies significantly as a function of the age, income level, viewshed to offshore wind farms, and beach visit frequency of the respondents.

Keywords: Choice experiments; Visual costs; Offshore wind farms; Willingness to pay space; Heterogeneity; Socio-demographics; Certainty in choice (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:241:y:2022:i:c:s0360544221031492

DOI: 10.1016/j.energy.2021.122900

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