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Durrmeyer, Isis and Samano, Mario (2016) To Rebate or Not to Rebate: Fuel Economy Standards vs. Feebates? TSE Working Paper, n. 16-732, Toulouse
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Abstract
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.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | November 2016 |
| Place of Publication: | Toulouse |
| Uncontrolled Keywords: | Environmental regulation, automobile market, structural model, policy simulations |
| JEL Classification: | C51 - Model Construction and Estimation L50 - General Q51 - Valuation of Environmental Effects |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Université Toulouse 1 Capitole |
| Site: | UT1 |
| Date Deposited: | 16 Nov 2016 10:29 |
| Last Modified: | 21 Mar 2018 14:19 |
| OAI Identifier: | oai:tse-fr.eu:31175 |
| URI: | https://publications.ut-capitole.fr/id/eprint/22512 |
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