Abstract
Cross-section data on investment in back-up generators and uninterruptable power supplies (UPS) are used to infer the implied cost of electricity outages in the business and public sectors in Israel. Two-limit tobit models of the demand for back-up are estimated and used to simulate the mitigated and unmitigated cost of power outages. These revealed preference" estimates of outage costs are then compared with estimates based on the method of subjective evaluation.
Original language | English |
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Pages | 39-61 |
Number of pages | 23 |
Volume | 18 |
No | 2 |
Specialist publication | Energy Journal |
DOIs | |
State | Published - 1997 |