The cost of power outages in the business and public sectors in Israel: Revealed preference vs. subjective valuation

Michael Beenstock, Ephraim Goldin, Yod Haitovsky*

*Corresponding author for this work

Research output: Contribution to specialist publicationArticle

28 Scopus citations

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 languageEnglish
Pages39-61
Number of pages23
Volume18
No2
Specialist publicationEnergy Journal
DOIs
StatePublished - 1997

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