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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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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 - 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
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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Effects of qualification in expert markets with price competition and endogenous verifiability
Schneider, Tim; Bizer, Kilian - 2017
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
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Optimal procurement of a credence good under limited liability
Bester, Helmut; Yaofu, Ouyang - 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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Economic loss in Czech photovoltaic power plants
Průša, Jan; Klimešová, Andrea; Janda, Karel - 2012
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
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The merit order effect of Czech photovoltaic plants
Lunackova, Petra; Průša, Jan; Janda, Karel - 2017
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
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Tax policy, venture capital, and entrepreneurship
Keuschnigg, Christian; Nielsen, Søren Bo - 2000
, progressive taxation as well as investment and output subsidies to the entrepreneurial sector. …
Persistent link: https://www.econbiz.de/10011536625