People experience welfare losses in the event of power outages. A higher share of wind power in the power generation mix increases difficulties in forecasting power generation. This, in turn, challenges an effective utilization of wind power and increases the risk of power outages. Using a split...

Welfare estimates in discrete choice experiments studies are found to be sensitive towards the applied bid vector, i.e. anchoring bias or starting point bias. Furthermore, there are some evidence that female respondents might be more prone to starting point bias compared to male respondents....