Combining spatial modeling and choice experiments for the optimal spatial allocation of wind turbines

Combining spatial modeling and choice experiments for the optimal spatial allocation of wind turbines

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Article ID: iaor20115441
Volume: 39
Issue: 6
Start Page Number: 3845
End Page Number: 3854
Publication Date: Jun 2011
Journal: Energy Policy
Authors: , , , ,
Keywords: simulation, location, optimization
Abstract:

  • We combine modeling and economic valuation to optimally allocate wind turbines.
  • Welfare‐optimal allocation balances energy production costs and external costs.
  • External costs (impacts on the environment) can be substantial.
  • Ignoring external costs leads to suboptimal allocations and welfare losses.

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