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Durrmeyer, Isis
and Samano, Mario
(2018)
To Rebate or Not to Rebate: Fuel Economy Standards vs. Feebates?
The Economic Journal, vol. 128 (n° 616).
pp. 3076-3116.
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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: | Article |
|---|---|
| Language: | English |
| Date: | December 2018 |
| Refereed: | Yes |
| 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) |
| Site: | UT1 |
| Date Deposited: | 16 May 2018 14:07 |
| Last Modified: | 23 Aug 2021 14:51 |
| OAI Identifier: | oai:tse-fr.eu:32172 |
| URI: | https://publications.ut-capitole.fr/id/eprint/25734 |
Available Versions of this Item
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To Rebate or Not to Rebate: Fuel Economy Standards vs. Feebates? (deposited 16 Nov 2016 10:29)
- To Rebate or Not to Rebate: Fuel Economy Standards vs. Feebates? (deposited 16 May 2018 14:07) [Currently Displayed]
