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Rent formation and distortions due to quotas in biological production processes 生物生产过程中配额造成的租金形成和扭曲
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2024-03-16 DOI: 10.1016/j.reseneeco.2024.101438
Atle Oglend , Frank Asche , Hans-Martin Straume

Production licenses with use restrictions that limit output are commonly used to regulate biological production processes. Such regulations are vulnerable to rent formation and production distortions that can end up subsidizing harmful environmental behavior. This paper develops a partial equilibrium model for a biological production process and use the model to study the impact of production quotas in Norwegian salmon aquaculture. Results suggest substantial regulatory rents capitalized in license values. Production has intensified leading to excessive stocking of fish per license, a shorting of the production period, and smaller produced fish. Our findings provide important insights for quota policies in food production, especially for cases where quotas are motivated by harmful environmental effects.

带有限制产量的使用限制的生产许可证通常用于监管生物生产过程。此类法规容易形成租金和生产扭曲,最终可能补贴有害的环境行为。本文建立了一个生物生产过程的局部均衡模型,并利用该模型研究了挪威三文鱼养殖中生产配额的影响。研究结果表明,许可证价值中包含了大量的监管租金。生产的加强导致了每张许可证的鱼类放养量过大、生产期缩短以及生产的鱼类数量减少。我们的研究结果为食品生产中的配额政策提供了重要的启示,特别是在配额的动机是有害环境影响的情况下。
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引用次数: 0
Feeling the heat? Analyzing climate change sentiment in Spain using Twitter data 感受高温?利用推特数据分析西班牙的气候变化情绪
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2024-03-08 DOI: 10.1016/j.reseneeco.2024.101437
Maria L. Loureiro , Maria Alló

To shed light on the recent debate about climate change in this post-pandemic scenario, we take advantage of a unique dataset that combines geo-tagged social media data from Twitter in Spain from 2017 to 2022. Twitter conversations have been analyzed with natural language processing techniques to obtain sentiment scores related to climate change. These were merged with additional relevant control variables, aiming to understand the role of the contributing factors on the evolution of the hedonic scores, including external temperatures, the occurrence of heat waves, and deaths related to climate. We find a strong negative effect of external temperatures on sentiment, aggravated by recent increases in the frequency of heat waves and deaths related to climate. Further, this negative sentiment is accentuated after experiencing the recent COVID-19.

为了揭示在这种大流行后形势下有关气候变化的最新讨论,我们利用了一个独特的数据集,该数据集结合了 2017-2022 年期间西班牙推特上带有地理标记的社交媒体数据。我们利用自然语言处理技术对推特对话进行了分析,以获得与气候变化相关的情感评分。这些分数与其他相关控制变量进行了合并,旨在了解外部温度、热浪的发生以及与气候相关的死亡等因素对情绪分数演变的影响。我们发现,外部气温对情绪有强烈的负面影响,而近期热浪和与气候相关的死亡人数的增加则加剧了这种负面影响。此外,在经历了最近的 COVID-19 之后,这种负面情绪更加突出。
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引用次数: 0
The political economy of financing climate policy — Evidence from the solar PV subsidy programs 气候政策融资的政治经济学--来自太阳能光伏补贴项目的证据
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2024-02-28 DOI: 10.1016/j.reseneeco.2024.101436
Olivier De Groote , Axel Gautier , Frank Verboven

We analyze the political impact of a generous solar panel subsidization program. Subsidies far exceeded their social benefit and were partly financed by new taxes on adopters and by electricity surcharges for all consumers. We use local panel data from Belgium and find a decrease in votes for government parties in municipalities with high adoption rates. This shows that the voters’ punishment for a costly policy exceeded the potential reward by adopters who received generous subsidies. Further analysis indicates that punishment mainly comes from non-adopters, who change their vote towards anti-establishment parties.

我们分析了慷慨的太阳能电池板补贴计划的政治影响。补贴远远超出了其社会效益,部分资金来自对采用者征收的新税和对所有消费者征收的电费附加。我们使用了比利时的地方面板数据,发现在采用率高的城市,政府政党的得票率有所下降。这表明,选民对高成本政策的惩罚超过了获得慷慨补贴的采用者的潜在回报。进一步的分析表明,惩罚主要来自非采用者,他们会将选票投向反建制政党。
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引用次数: 0
The distributional effects of CO2 pricing at home and at the border on German income groups 国内和边境二氧化碳定价对德国收入群体的分配影响
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2024-02-13 DOI: 10.1016/j.reseneeco.2024.101435
Michael Hübler , Malin Wiese , Marius Braun , Johannes Damster

While climate policy studies are widespread, fully fledged computable general equilibrium (CGE) model analyses of distributional policy effects are challenging because the required data and approaches are not directly available. To ease such distributional analyses, we provide a step-by-step “recipe” for disaggregating a country-specific representative consumer of a CGE model. Using this “recipe”, we implement German household survey data in a global CGE model by distinguishing three income groups of the German representative consumer. We find that the negative consumption effect of CO2 pricing is highest for the low-income group, whereas the negative income effect is highest for the high-income group and exceeds the consumption effect. The low-income group benefits most from (per capita-based redistribution of) carbon pricing revenues and receives social transfers such that poor households can be better off with such climate policies than without them. CO2 pricing of imports at the (EU) border slightly strengthens these distributional effects and is mainly beneficial for the low-income group. The geographic extension of emissions trading within a “climate club” leads to substantial efficiency gains that are beneficial for Germany and the EU.

虽然气候政策研究十分普遍,但由于所需数据和方法无法直接获得,因此对分配政策效应进行全面的可计算一般均衡(CGE)模型分析具有挑战性。为了简化此类分配分析,我们提供了一个逐步分解 CGE 模型中特定国家代表性消费者的 "方法"。利用这一 "秘诀",我们在全球 CGE 模型中使用了德国家庭调查数据,将德国代表性消费者分为三个收入组。我们发现,二氧化碳定价对低收入群体的负面消费影响最大,而对高收入群体的负面收入影响最大,并且超过了消费影响。低收入群体从(按人均计算的)碳定价收入再分配中获益最多,他们还能得到社会转移支付,因此有这种气候政策的贫困家庭会比没有这种政策的贫困家庭生活得更好。在(欧盟)边境对进口产品进行二氧化碳定价会略微加强这些分配效应,并主要使低收入群体受益。在 "气候俱乐部 "内扩大排放权交易的地域范围可带来巨大的效率收益,这对德国和欧盟都有利。
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引用次数: 0
Domestic versus international emissions trading with capital mobility 具有资本流动性的国内与国际排放贸易
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2024-02-01 DOI: 10.1016/j.reseneeco.2024.101433
Haitao Cheng

We employ the footloose capital model to examine and compare how two countries decide on their emission permits non-cooperatively under domestic and international emissions trading in the presence of capital mobility. We find that even if two countries are symmetric and have the same carbon prices under domestic emissions trading, they can benefit from international emissions trading. This finding holds regardless of capital mobility. We also find that allowing footloose capital increases each country’s and global emissions under domestic emissions trading; however, it does not affect emissions under international emissions trading. Additionally, we show that the cooperative choices of emission permits are the same regardless of international mobility of emission permits and capital and are always lower than the non-cooperative ones.

我们采用 "宽松资本 "模型来研究和比较在资本流动的情况下,两个国家如何在国内和国际排放贸易中以非合作的方式决定其排放许可证。我们发现,即使两个国家是对称的,在国内排放贸易下有相同的碳价格,它们也能从国际排放贸易中获益。无论资本流动性如何,这一结论都是成立的。我们还发现,在国内排放贸易下,允许资本自由流动会增加每个国家和全球的排放量;但在国际排放贸易下,这不会影响排放量。此外,我们还表明,无论排放许可证和资本的国际流动性如何,排放许可证的合作选择是相同的,并且总是低于非合作选择。
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引用次数: 0
When should the regulator be left alone in the commons? How fishing cooperatives can help ameliorate inefficiencies 何时应让监管者独享公共资源?渔业合作社如何帮助改善效率低下问题
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2024-01-29 DOI: 10.1016/j.reseneeco.2024.101434
Juan Rosas-Munoz , Ana Espinola-Arredondo , Felix Munoz-Garcia

This paper examines a common-pool resource where quotas and fines are set by a regulator, an artisanal organization (cooperative), or both. We analyze the interaction between these two regulatory agencies under a flexible policy regime, where quotas and fines can be revised across periods, and under an inflexible policy regime, where they cannot. We show that inefficiencies arise in the inflexible regime, but they are reduced when the two agencies coexist. Overall, we demonstrate that the artisanal organization may be preferred when environmental damages are low, but the regulator may be preferable otherwise.

本文研究了一种由监管机构、手工组织(合作社)或两者共同设定配额和罚款的共有资源。我们分析了这两个监管机构在灵活政策制度和非灵活政策制度下的互动情况。前者规定配额和罚款可以跨期修改,而后者规定配额和罚款不能跨期修改。我们发现,在缺乏灵活性的制度下,会出现效率低下的情况,但当两个机构同时存在时,效率就会降低。总之,我们证明,当环境损害较低时,个体组织可能更受欢迎,但在其他情况下,监管机构可能更受欢迎。
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引用次数: 0
Exclusion zones for renewable energy deployment: One man’s blessing, another man’s curse 可再生能源部署的禁区:一荣俱荣,一损俱损
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2024-01-18 DOI: 10.1016/j.reseneeco.2023.101419
Paul Lehmann , Philip Tafarte

Exclusion zones, like protected areas or setback distances, are the most common policy instrument to mitigate environmental impacts of human land-use, including the deployment of renewable energy sources (RES). However, exclusion zones may also increase generation and environmental costs of RES deployment. This paper aims to understand and quantify these trade-offs. Using a simple analytical model, we propose that cost effects of exclusion zones can be decomposed into a substitution effect (because RES generation is shifted to sites with higher or lower marginal costs) and an output effect (because more sites may be needed to attain a given RES generation target). We provide a numerical illustration for two examples of exclusion zones – setback distances to settlements and forest bans – which are implemented for wind power deployment in Germany. We find that moderate setback distances reduce disamenity costs but also lead to increases in generation and other environmental costs. This trade-off is primarily due to the output effect. Importantly, the output effect also implies that very restrictive setback distances may fail to reduce, and even increase, aggregate disamenity costs of wind power deployment. For forest bans, our analysis reveals substantial increases in disamenity costs. This trade-off mainly results from the substitution effect. Our analytical insights can be transferred to other fields of environmental policy, for example, exclusion zones regulating agricultural land-use or urban development.

禁区(如保护区或后退距离)是减轻人类土地利用(包括可再生能源的应用)对环境影响的最常见政策工具。然而,禁区也可能增加可再生能源利用的发电成本和环境成本。本文旨在了解并量化这些权衡。通过一个简单的分析模型,我们提出禁区的成本效应可分解为替代效应(因为可再生能源发电被转移到边际成本较高或较低的地点)和产出效应(因为可能需要更多地点来实现给定的可再生能源发电目标)。我们用数字说明了德国在风力发电部署中实施的两个禁区实例--与居民区的后退距离和森林禁令。我们发现,适度的后退距离可降低环境污染成本,但也会导致发电成本和其他环境成本的增加。这种权衡主要归因于产出效应。重要的是,输出效应还意味着,非常严格的后退距离可能无法降低,甚至会增加风电部署的总体不公平成本。对于森林禁令,我们的分析揭示了不公平成本的大幅增加。这种权衡主要源于替代效应。我们的分析见解可应用于环境政策的其他领域,例如规范农业用地或城市发展的禁区。
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引用次数: 0
The long-run value of electricity reliability in India 印度电力可靠性的长期价值
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2024-01-11 DOI: 10.1016/j.reseneeco.2024.101425
Shefali Khanna , Kevin Rowe

This paper evaluates residential consumers’ electricity consumption and appliance investment responses to power outages from 2015 to 2019 in Delhi, India. Our empirical strategy takes advantage of features of the electricity distribution network in the service territory of one of Delhi’s regulated distribution utilities that exposes similar customers to plausibly exogenous annual variation in electricity reliability. Using original household survey data and four years of billing and power outage records for more than one million customers, we estimate that an additional hour per month of power outages reduced electricity consumption by 4.8 percent. These estimates suggest that households are willing to pay USD 1.50 per kWh of lost consumption, which is more than 25 times the average price they pay for grid electricity.

本文评估了 2015 年至 2019 年印度德里居民消费者的电力消费和家电投资对停电的反应。我们的实证策略利用了德里一家受监管的配电公司服务区域内配电网络的特点,使类似客户面临电力可靠性方面看似外生的年度变化。利用原始的家庭调查数据以及超过 100 万用户的四年账单和停电记录,我们估计每月多停电一小时,用电量就会减少 4.8%。这些估算表明,家庭愿意为每千瓦时的用电损失支付 1.50 美元,这是他们为电网用电支付的平均价格的 25 倍以上。
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引用次数: 0
Discrete-continuous models of residential energy demand: A comprehensive review 住宅能源需求的离散-连续模型:全面回顾
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2024-01-11 DOI: 10.1016/j.reseneeco.2024.101426
Michael Hanemann , Xavier Labandeira , José M. Labeaga , Felipe Vásquez-Lavín

This paper reviews forty years of research applying econometric models of discrete-continuous choice to analyze residential demand for energy. The review is primarily from the perspective of economic theory. We examine how well the utility-theoretic models developed in the literature match data that is commonly available on residential energy use, and we highlight the modeling challenges that have arisen through efforts to match theory with data. The literature contains two different formalizations of a corner solution. The first, by Dubin and McFadden (1984) and Hanemann (1984), models an extreme corner solution, in which only one of the discrete choice alternatives is chosen. While those papers share similarities, they also have some differences which have not been noticed or exposited in the literature. Subsequently, a formulation first implemented by Wales and Woodland (1983) and extended by Kim et al. (2002) and Bhat (2008) models a general corner solution, where several but not all of the discrete choice alternatives are chosen. Seventeen papers have employed one or another of these models to analyze residential demand for fuels and/or energy end uses in a variety of countries. We review issues that arose in these applications and identify some alternative model formulations that can be used in future work on residential energy demand.

本文回顾了四十年来应用离散-连续选择计量经济学模型分析居民能源需求的研究成果。本文主要从经济理论的角度进行回顾。我们考察了文献中建立的效用理论模型与通常可用的住宅能源使用数据的匹配程度,并强调了理论与数据匹配过程中出现的建模挑战。文献中包含两种不同的角解决方案形式。第一种是 Dubin 和 McFadden(1984 年)以及 Hanemann(1984 年)提出的极端拐角解决方案模型,即只选择离散选择中的一种。虽然这两篇论文有相似之处,但它们也有一些不同之处,而这些不同之处尚未在文献中得到注意或阐述。随后,Wales 和 Woodland(1983 年)首先提出了一个公式,Kim 等人(2002 年)和 Bhat(2008 年)对其进行了扩展,建立了一个一般拐角解模型,在这个模型中,会选择多个离散选择方案,但不会选择所有方案。有 17 篇论文采用了这些模型中的一种或另一种来分析各国居民对燃料和/或能源终端用途的需求。我们回顾了这些应用中出现的问题,并确定了一些可用于未来住宅能源需求研究的替代模型公式。
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引用次数: 0
Effectiveness of electric vehicle subsidies in China: A three-dimensional panel study 中国电动汽车补贴的有效性:三维面板研究
IF 2.9 3区 经济学 Q1 ECONOMICS Pub Date : 2023-12-29 DOI: 10.1016/j.reseneeco.2023.101424
Tong Zhang , Paul J. Burke , Qi Wang

Electric vehicles (EVs) are likely to emerge as the main means of zero-emission road transport. China has used a variety of policy approaches to encourage EV adoption, including vehicle purchase subsidies. This study uses a three-dimensional dataset to estimate the effect of purchase subsidies for domestic EVs on adoption in 316 cities in China over January 2016–December 2019. An instrumental variable approach that utilizes the timing of the cancellation of local subsidies by the central government is pursued. The findings suggest that purchase subsidies for domestic EVs have led to a sizeable increase in uptake, but have discouraged uptake of imported EVs. Higher consumer awareness of the subsidies is associated with a larger proportional effect on uptake of domestically-produced vehicles. We estimate that increases in the per-vehicle subsidy rate have on average reduced carbon dioxide (CO2) emissions at a marginal subsidy cost of about 4453 CNY (US$712) per tonne, which is high. However other benefits, including long-run benefits from the emergence of a new clean technology sector, may be substantial.

电动汽车(EV)很可能成为零排放道路运输的主要手段。中国采用了多种政策方法来鼓励电动汽车的采用,其中包括购车补贴。本研究使用三维数据集估算了 2016 年 1 月至 2019 年 12 月期间,国产电动汽车购车补贴对中国 316 个城市采用电动汽车的影响。采用工具变量法,利用中央政府取消地方补贴的时间点进行估算。研究结果表明,对国产电动汽车的购买补贴大幅提高了电动汽车的使用率,但却阻碍了进口电动汽车的使用。消费者对补贴的认知度越高,对国产汽车使用率的影响比例就越大。我们估计,提高每辆车的补贴率平均减少了二氧化碳排放量,边际补贴成本约为每吨 4453 元人民币(712 美元),补贴率较高。然而,其他效益,包括新清洁技术行业的出现所带来的长期效益,可能是巨大的。
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引用次数: 0
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Resource and Energy Economics
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