Korean public's preference for supply security of oil and gas and the impact of protest bidders
- 주제(키워드) Contingent valuation , Overseas E&P projects , Protest response , Public preference , Supply security of oil and gas
- 등재 SCIE, SSCI, SCOPUS
- 발행기관 Elsevier Ltd
- 발행년도 2016
- 총서유형 Journal
- URI http://www.dcollection.net/handler/ewha/000000123063
- 본문언어 영어
- Published As http://dx.doi.org/10.1016/j.enpol.2015.11.032
- 저작권 이화여자대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
The Korean governmental support for supply security of oil and gas via overseas exploration and production (E&P) 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 E&P projects. The result shows that the governmental support for overseas E&P 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 E&P projects. © 2015 Elsevier Ltd.
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