288 0

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
Files in This Item:
There are no files associated with this item.
Export
RIS (EndNote)
XLS (Excel)
XML


qrcode

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

BROWSE