@article{Sims_2012, title={Hypothetical Market Familiarity and the Disconnect Between Stated and Observed Values for Green Energy}, volume={3}, url={https://www.econjournals.com/index.php/ijeep/article/view/311}, abstractNote={<p>Participation rates and utility premiums for green power programs are generally less than implied by contingent valuation studies. This study compares open-ended and dichotomous-choice responses with actual participation rates of a green power program to examine the effect of hypothetical market familiarity. Traditionally, respondents are asked to value a renewable energy “block” which represents a quality improvement in a percentage of a good. When placed in a more familiar market setting, stated values are more closely aligned with premiums currently charged.  Participation rates remain exaggerated indicating responses are viewed as a vote in favor of or against cleaner energy sources. </p> <p><strong>Keywords: </strong>Contingent valuation; green energy programs; renewable energy blocks; scope effects; coal-fired power plants; single-bounded dichotomous choice</p> <strong>JEL Classifications:</strong> H41; Q42; Q51}, number={1}, journal={International Journal of Energy Economics and Policy}, author={Sims, Charles}, year={2012}, month={Dec.}, pages={10–19} }