skip to content
The efficiency consequences of heterogeneous behavioral responses to energy fiscal policies Preview this item
ClosePreview this item
Checking...

The efficiency consequences of heterogeneous behavioral responses to energy fiscal policies

Author: Sébastien Houde; Joseph E Aldy; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2017.
Series: Working paper series (National Bureau of Economic Research), no. 24103.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs--what we define as "microfrictions." We develop a theoretical framework to show how these microfrictions -- and their heterogeneity across the population and policy instruments -- affect the design of Pigouvian policies. Standard Pigouvian pricing still holds with transaction costs, but requires  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Sébastien Houde; Joseph E Aldy; National Bureau of Economic Research,
OCLC Number: 1015966602
Notes: "December 2017."
Description: 1 online resource (60 pages) : illustrations, maps
Series Title: Working paper series (National Bureau of Economic Research), no. 24103.
Responsibility: Sébastien Houde, Joseph E. Aldy.

Abstract:

The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs--what we define as "microfrictions." We develop a theoretical framework to show how these microfrictions -- and their heterogeneity across the population and policy instruments -- affect the design of Pigouvian policies. Standard Pigouvian pricing still holds with transaction costs, but requires adjustment with behavioral biases. We use transaction-level data from the US appliance market to estimate the heterogeneous behavioral responses to an array of energy fiscal policies and to quantify microfrictions. We then assess optimal fiscal policies and find that it is rarely optimal to couple a Pigouvian tax on energy with an investment subsidy in this context. We also find that energy labels -- intended to increase the salience of energy information -- can interact in perverse ways with both taxes and subsidies.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1015966602> # The efficiency consequences of heterogeneous behavioral responses to energy fiscal policies
    a schema:MediaObject, schema:Book, schema:CreativeWork ;
    library:oclcnum "1015966602" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/4676021558#Topic/consumers_attitudes> ; # Consumers--Attitudes
    schema:about <http://experiment.worldcat.org/entity/work/data/4676021558#Topic/household_appliances_energy_conservation_economic_aspects_united_states> ; # Household appliances--Energy conservation--Economic aspects--United States
    schema:about <http://experiment.worldcat.org/entity/work/data/4676021558#Place/united_states> ; # United States.
    schema:about <http://experiment.worldcat.org/entity/work/data/4676021558#Topic/energy_consumption_economic_aspects> ; # Energy consumption--Economic aspects
    schema:author <http://experiment.worldcat.org/entity/work/data/4676021558#Person/houde_sebastien> ; # Sébastien Houde
    schema:author <http://experiment.worldcat.org/entity/work/data/4676021558#Person/aldy_joseph_e> ; # Joseph E. Aldy
    schema:bookFormat schema:EBook ;
    schema:datePublished "2017" ;
    schema:description "The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs--what we define as "microfrictions." We develop a theoretical framework to show how these microfrictions -- and their heterogeneity across the population and policy instruments -- affect the design of Pigouvian policies. Standard Pigouvian pricing still holds with transaction costs, but requires adjustment with behavioral biases. We use transaction-level data from the US appliance market to estimate the heterogeneous behavioral responses to an array of energy fiscal policies and to quantify microfrictions. We then assess optimal fiscal policies and find that it is rarely optimal to couple a Pigouvian tax on energy with an investment subsidy in this context. We also find that energy labels -- intended to increase the salience of energy information -- can interact in perverse ways with both taxes and subsidies."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/4676021558> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/4676021558#Series/nber_working_paper_series> ; # NBER working paper series ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/4676021558#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:name "The efficiency consequences of heterogeneous behavioral responses to energy fiscal policies"@en ;
    schema:productID "1015966602" ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/4676021558#Organization/national_bureau_of_economic_research> ; # National Bureau of Economic Research,
    schema:url <http://papers.nber.org/papers/w24103> ;
    schema:url <https://doi.org/10.3386/w24103> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1015966602> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/4676021558#Organization/national_bureau_of_economic_research> # National Bureau of Economic Research,
    a schema:Organization ;
    schema:name "National Bureau of Economic Research," ;
    .

<http://experiment.worldcat.org/entity/work/data/4676021558#Person/aldy_joseph_e> # Joseph E. Aldy
    a schema:Person ;
    schema:familyName "Aldy" ;
    schema:givenName "Joseph E." ;
    schema:name "Joseph E. Aldy" ;
    .

<http://experiment.worldcat.org/entity/work/data/4676021558#Person/houde_sebastien> # Sébastien Houde
    a schema:Person ;
    schema:familyName "Houde" ;
    schema:givenName "Sébastien" ;
    schema:name "Sébastien Houde" ;
    .

<http://experiment.worldcat.org/entity/work/data/4676021558#Place/united_states> # United States.
    a schema:Place ;
    schema:name "United States." ;
    .

<http://experiment.worldcat.org/entity/work/data/4676021558#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1015966602> ; # The efficiency consequences of heterogeneous behavioral responses to energy fiscal policies
    schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/4676021558#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1015966602> ; # The efficiency consequences of heterogeneous behavioral responses to energy fiscal policies
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/4676021558#Topic/consumers_attitudes> # Consumers--Attitudes
    a schema:Intangible ;
    schema:name "Consumers--Attitudes"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/4676021558#Topic/energy_consumption_economic_aspects> # Energy consumption--Economic aspects
    a schema:Intangible ;
    schema:name "Energy consumption--Economic aspects"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/4676021558#Topic/household_appliances_energy_conservation_economic_aspects_united_states> # Household appliances--Energy conservation--Economic aspects--United States
    a schema:Intangible ;
    schema:name "Household appliances--Energy conservation--Economic aspects--United States"@en ;
    .

<http://www.worldcat.org/title/-/oclc/1015966602>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/1015966602> ; # The efficiency consequences of heterogeneous behavioral responses to energy fiscal policies
    schema:dateModified "2019-07-09" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.