 Korean public's preference for supply security of oil and gas and the impact of protest biddersJihyo Kim, Jinsoo Kim and Yoon Kyung Kim Energy Policy, 2016, vol. 89, issue C, 202-213 Abstract: The Korean governmental support for supply security of oil and gas via overseas exploration and production (E&P) projects are publicly criticized because of some poor projects lacking of economic feasibility, even though it should be expanded from a long-term perspective. Applying the contingent valuation, this study investigates the Korean public's preferences for governmental support for overseas oil and gas E&P projects. The result shows that the governmental support for overseas E&P projects rather decreases public utility. The primary reason behind this utility decrease is that some respondents protested to bid because of their resistance toward tax increase without guaranteeing the efficient government support. This result implies that simple tax increases for expansion of the governmental support may bring about public's strong opposition. In order to overcome this public opposition, this study suggests that it is necessary to arouse public understanding of the necessity of overseas oil and gas E&P projects. Keywords: Supply security of oil and gas; Overseas E&P projects; Public preference; Contingent valuation; Protest response (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:89:y:2016:i:c:p:202-213 DOI: 10.1016/j.enpol.2015.11.032 Access Statistics for this article Energy Policy is currently edited by N. France More articles in Energy Policy from Elsevier |
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