Abstract
The reliability of electrical power supply is amongst the ambient conditions that inform house purchase decisions in all major cities. Where there is sufficient variation in outages and infrastructural conditions across an urban system it is possible to use hedonic price functions to estimate people's willingness to pay for more reliability in power supply (or willingness to accept compensation for less reliability in power supply). We illustrate the approach using estimates from a hedonic valuation of the reliability of electrical power supply in Phoenix as a function of infrastructural characteristics, environmental conditions (vegetation in particular), and the interactions between the two. It infers the value of infrastructures that contribute, in different ways, to the likelihood of outages.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
