%0 Report
        %A Carlsson, Fredrik
%A Martinsson, Peter
%A Akay, Alpaslan
        %T The Effect of Power Outages and Cheap Talk on Willingness to Pay to Reduce Outages
        %D 2009
        %8 2009 Jul
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 4307
        %U https://www.iza.org/publications/dp4307
        %X Using an open-ended contingent valuation survey, we analyze how (i) experience of a power outage due to one of the worst storms ever to hit Sweden and (ii) a cheap talk script affect respondents' WTP to avoid power outages. Experience significantly increases and a cheap talk script decreases the proportion of respondents with zero WTP. There is no significant effect in either case on stated WTP conditional on a positive WTP. The paper concludes with a discussion on the use of valuation studies shortly after the occurrence of an undesirable event.
        %K experience
%K power outages
%K contingent valuation
%K cheap talk