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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
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
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
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
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
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
We investigate a market in which experts have a moral hazard problem because they need to invest in costly but unobservable effort to identify consumer problems. Experts have either high or low qualification and can invest either high or low effort in their diagnosis. High skilled experts are...
Persistent link: https://www.econbiz.de/10011687778
weight loss, while the remaining 58% constitute the redistributive profit component of subsidies. Finally, we calculate that …. -- energy subsidies ; photovoltaic ; renewables …
Persistent link: https://www.econbiz.de/10009563602
We assess the impact of photovoltaic power plants on the electricity supply curve in the Czech Republic. The merit order effect is estimated as the elasticity of electricity spot price with respect to change in supply of electricity from renewable sources. Data for the Czech electricity spot...
Persistent link: https://www.econbiz.de/10011587783
, progressive taxation as well as investment and output subsidies to the entrepreneurial sector. …
Persistent link: https://www.econbiz.de/10011536625