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Seductive subsidies? An analysis of second-degree moral hazard in the context of photovoltaic solar systems
Reins, Evert - 2021
installers to increase factors determining the total subsidies and/or transaction when consumers receive larger subsidy levels …This paper studies how subsidies for photovoltaic solar systems can lead to second-degree moral hazard - the impulse of …. Employing an instrumental variable strategy using plausibly exogenous variation in the size of subsidy levels to address …
Persistent link: https://www.econbiz.de/10012609083
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Optimal subsidies for residential solar
Colas, Mark; Saulnier, Emmett - 2023 - This Version: August 2023
We study the spatial misallocation resulting from subsidies for residential solar panels in the US and quantify the … hourly production and emissions, and 3) a state-of-the-art air pollution model. The current subsidies lead to severe spatial …
Persistent link: https://www.econbiz.de/10014284675
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Optimal Solar Subsidies
Colas, Mark; Saulnier, Emmett - 2023
We study the spatial misallocation resulting from subsidies for residential solar panels in the US and quantify the … hourly production and emissions, and 3) a state-of-the-art air pollution model. The current subsidies lead to severe spatial …
Persistent link: https://www.econbiz.de/10014348184
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Means-tested solar subsidies
Colas, Mark; Reynier, Emmett - 2024
We study the optimal design of income-contingent subsidies for residential solar panels. Using remotely sensed data on … installation rates to subsidies is strongly decreasing in income. Using these empirical elasticities, we estimate a model that …. Counterfactual simulations reveal that switching to production-maximizing income-contingent subsidies leads to a three-fold increase …
Persistent link: https://www.econbiz.de/10015074561
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Second-Degree Moral Hazard in a Real-World Credence Goods Market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard - the tendency of the supply...
Persistent link: https://www.econbiz.de/10010193289
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...
Persistent link: https://www.econbiz.de/10010199693
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard - the tendency of the supply...
Persistent link: https://www.econbiz.de/10010207314
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Valuing solar subsidies
Bollinger, Bryan; Gillingham, Kenneth; Kirkpatrick, A. … - 2025
Individuals trade present for future consumption across a range of economic behaviors, and this tradeoff may differ across socioeconomic groups. To assess these tradeoffs, we estimate a dynamic model of residential solar adoption and system sizing in California using household-level data on...
Persistent link: https://www.econbiz.de/10015186346
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Optimal procurement of a credence good under limited liability
Bester, Helmut; Ouyang, Yaofu - 2017
This paper analyzes the optimal contract for a consumer to procure a credence good from an expert when (i) the expert might misrepresent his private information about the consumer’s need, (ii) the expert might not choose the requested service since his choice of treatment is non-observable,...
Persistent link: https://www.econbiz.de/10011781931
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Solar rebound : the unintended consequences of subsidies
Boccard, Nicolas; Gautier, Axel - 2019
subsidies for solar panels that encouraged households to set-up large installations, possibly exceeding their consumption needs … observe that a large proportion of households oversized their installation to benefit from the subsidies and, later ended …
Persistent link: https://www.econbiz.de/10012129780