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Subsidy programs are widely used by governments to stimulate durable goods sectors. This paper investigates the impact … of government subsidy on consumers' automobile replacement decisions in the context of the U.S. Car Allowance and Rebate … vehicles even without the subsidy, and the reductions in gasoline consumption and carbon emission are limited. To highlight the …
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an electric vehicle subsidy in China, we find that subsidies strongly encourage EV purchase, but yield no notable effect …
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I study the impact of subsidies for Plug-in hybrid vehicles (PHEV) on carbon emissions. I show that subsidizing innovations without considering consumer behavior can harm the environment. I provide descriptive evidence on charging instances of PHEV and combine it with a structural model of...
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Pigouvian taxes can fully correct for market failures due to externalities, but actual policies are commonly forced to deviate from the Pigouvian ideal due to administrative or political constraints. This paper derives sufficient statistics, which require a minimum of market information, that...
Persistent link: https://www.econbiz.de/10012456611
Pigouvian taxes can fully correct for market failures due to externalities, but actual policies are commonly forced to deviate from the Pigouvian ideal due to administrative or political constraints. This paper derives sufficient statistics, which require a minimum of market information, that...
Persistent link: https://www.econbiz.de/10012997372
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