| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28371 |
| 来源ID | Working Paper 28371 |
| Efficiency and Equity Impacts of Energy Subsidies | |
| Robert W. Hahn; Robert D. Metcalfe | |
| 发表日期 | 2021-01-25 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | 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 natural field experiment, we estimate the price elasticity of demand for natural gas to be about -0.35 for CARE customers. An economic model of this subsidy yields three results. First, the natural gas subsidy appears to reduce welfare. Second, the economic impact of various policies, such as cap-and-trade, depends on whether prices for various customers move closer to the marginal social cost. Third, benefits to CARE customers need to increase by 6% to offset the costs of the program. |
| 主题 | Microeconomics ; Households and Firms ; Welfare and Collective Choice ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w28371 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586045 |
| 推荐引用方式 GB/T 7714 | Robert W. Hahn,Robert D. Metcalfe. Efficiency and Equity Impacts of Energy Subsidies. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28371.pdf（1361KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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