WELFARE IMPLICATIONS OF CAR FEEBATES: A SIMULATION ANALYSIS

• 成果类型: Article
• 署名作者: Adamou, Adamos; Clerides, Sofronis; Zachariadis, Theodoros
• 署名单位: University of Cyprus; Center for Economic & Policy Research (CEPR); Cyprus University of Technology
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12094
• 发表日期: 2014
• 页码: F420-F443
• 关键词: price-discrimination; gasoline; taxation; impacts; POLICY

摘要

Vehicle taxation based on CO2 emissions is increasingly being adopted worldwide to shift consumer purchases to low-carbon cars, yet evidence on its effectiveness and economic impact is limited. We focus on feebate schemes, which impose a fee on high-carbon vehicles and give a rebate to low-carbon cars. We estimate demand for passenger cars in Germany and simulate the impact of alternative feebate schemes on emissions, consumer welfare, public revenues and firm profits. We find that revenue-neutral feebate schemes are welfare decreasing; welfare can only increase with schemes that increase tax revenues at the expense of consumer and producer surplus.