TY  - RPRT
CY  - Toulouse
ID  - publications22512
UR  - http://tse-fr.eu/pub/31175
A1  - Durrmeyer, Isis
A1  - Samano, Mario
Y1  - 2016/11//
N2  - We compare the welfare effects in equilibrium of two environmental regulations that aim at increasing the new cars fleet’s average fuel efficiency: the fuel economy standards and the feebate policies. Maintaining the same environmental benefit and tax revenue, we simulate the implementation of each policy in France and the United States. Standard-type policies have larger negative welfare effects, up to 3.2 times those from the feebate. Effects on manufacturers are heterogeneous: some are better of under the standard regulation. The addition of a market to trade levels of fuel efficiency dominates the simple standard regulation but not always the feebate. We also consider the attribute-based standard, technological improvements, and the equivalence with fuel taxes as extensions.
PB  - TSE Working Paper
T3  - TSE Working Paper
KW  - Environmental regulation
KW  - automobile market
KW  - structural model
KW  - policy simulations
M1  - working_paper
TI  - To Rebate or Not to Rebate: Fuel Economy Standards vs. Feebates?
AV  - public
EP  - 57
ER  -