THE MARKET IMPACT AND THE COST OF ENVIRONMENTAL POLICY: EVIDENCE FROM THE SWEDISH GREEN CAR REBATE

• 成果类型: Article
• 署名作者: Huse, Cristian; Lucinda, Claudio
• 署名单位: Stockholm School of Economics; Universidade de Sao Paulo
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12060
• 发表日期: 2014
• 页码: F393-F419
• 关键词: gasoline prices; fuel; EFFICIENCY; STANDARDS; demand; sales

摘要

We quantify the effects of the Swedish Green Car Rebate (GCR), a programme to reduce oil dependence and greenhouse gas emissions in the automobile industry. We find the GCR increases the market shares of 'green cars' and its cost to be $109/ton CO2 saved, thus five times the price of an emission permit. Since the main green cars in Sweden are flexible-fuel vehicles (FFVs), which can switch between petrol (gasoline) and ethanol, we also account for fuel choice, which increases the cost of the programme. Finally, we show that consumers would have purchased FFVs regardless of the rebate provided by the GCR.