Hahn, Robert William; Metcalfe, Robert D. - National Bureau of Economic Research - 2021
Economic theory suggests that energy subsidies can lead to excessive consumption and environmental degradation. However …, the precise impact of energy subsidies is not well understood. We analyze a large energy subsidy: the California Alternate … Rates for Energy (CARE). CARE provides a price reduction for low-income consumers of natural gas and electricity. Using a …