asymmetry on costs and an inability to commit to long-term contracts affect tax revenue and the extraction path. This paper …

installers into specific subsidy levels, I quantify the impact of subsidy levels on total costs and electricity output of solar … output-based subsidies. Second, stricter verification rules reduce costs. Third, the association of lager subsidy levels and … increased costs is particularly pronounced when third-parties own the solar system and thus receive the subsidy. Finally, costs …