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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
Authors
Kim, JihyoKim, JinsooKim, Yoon Kyung
Ewha Authors
김윤경
SCOPUS Author ID
김윤경scopus
Issue Date
2016
Journal Title
ENERGY POLICY
ISSN
0301-4215JCR Link1873-6777JCR Link
Citation
vol. 89, pp. 202 - 213
Keywords
Supply security of oil and gasOverseas E&P projectsPublic preferenceContingent valuationProtest response
Publisher
ELSEVIER SCI LTD
Indexed
SCIE; SSCI; SCOPUS WOS scopus
Abstract
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. (C) 2015 Elsevier Ltd. All rights reserved.
DOI
10.1016/j.enpol.2015.11.032
Appears in Collections:
사회과학대학 > 경제학전공 > Journal papers
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