Korean public's preference for supply security of oil and gas and the impact of protest bidders
- Title
- Korean public's preference for supply security of oil and gas and the impact of protest bidders
- Author
- 김진수
- Keywords
- Supply security of oil and gas; Overseas E&P projects; Public preference; Contingent valuation; Protest response
- Issue Date
- 2016-02
- Publisher
- ELSEVIER SCI LTD
- Citation
- ENERGY POLICY, v. 89, Page. 202-213
- Abstract
- The Korean governmental support for supply security of oil and gas via overseas exploration and production (EP) projects are publicly criticized because of some poor projects lacking of economic feasibility, even though it should be expanded from a long-term perspective. Applying the contingent valuation, this study investigates the Korean public's preferences for governmental support for overseas oil and gas EP projects. The result shows that the governmental support for overseas EP projects rather decreases public utility. The primary reason behind this utility decrease is that some respondents protested to bid because of their resistance toward tax increase without guaranteeing the efficient government support. This result implies that simple tax increases for expansion of the governmental support may bring about public's strong opposition. In order to overcome this public opposition, this study suggests that it is necessary to arouse public understanding of the necessity of overseas oil and gas EP projects. (C) 2015 Elsevier Ltd. All rights reserved.
- URI
- http://www.sciencedirect.com/science/article/pii/S0301421515302111?via%3Dihubhttp://hdl.handle.net/20.500.11754/31861
- ISSN
- 0301-4215; 1873-6777
- DOI
- 10.1016/j.enpol.2015.11.032
- Appears in Collections:
- COLLEGE OF ENGINEERING[S](공과대학) > EARTH RESOURCES AND ENVIRONMENTAL ENGINEERING(자원환경공학과) > Articles
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