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DTSTAMP:20261019T093129
DTSTART;TZID=America/Detroit:20261030T100000
DTEND;TZID=America/Detroit:20261030T112000
SUMMARY:Workshop / Seminar:Designing Electric Vehicle Subsidies for Equity and Efficiency
DESCRIPTION:Electric vehicle (EV) subsidies have been a central part of global clean energy policy but have raised concerns about regressivity. We evaluate equity-focused EV subsidy designs—buyer income limits\, price limits\, and used EV subsidies—as implemented in many countries\, including through the U.S. Inflation Reduction Act (IRA). We show that in a simple theoretical model\, resale price changes can make new and used EV subsidies economically equivalent. Using a novel bunching estimator exploiting the IRA used EV tax credit’s transaction price limit\, we estimate that the credit indeed raised EV resale prices—but only after the credits could be paid immediately at the dealership. Using a detailed structural model of U.S. new and used vehicle markets\, we show that new EV subsidies accelerate used EV scrappage instead of only diverting from gasoline vehicles\, reducing environmental benefits. Partially for this reason\, the modeled marginal value of public funds (MVPF) of the IRA EV tax credits is only 0.88. Income-limited new EV subsidies have relatively high welfare-weighted MVPF.
UID:151851-21912270@events.umich.edu
URL:https://events.umich.edu/event/151851
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Business,Economics,Energy,Environment,Industrial Organization,seminar
LOCATION:North Quad - 4300
CONTACT:
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DTSTAMP:20260909T160441
DTSTART;TZID=America/Detroit:20261106T100000
DTEND;TZID=America/Detroit:20261106T112000
SUMMARY:Workshop / Seminar:Industrial Organization Seminar: Friday\, November 6
DESCRIPTION:--
UID:151852-21912271@events.umich.edu
URL:https://events.umich.edu/event/151852
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Industrial Organization,seminar
LOCATION:North Quad - 4300
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20261012T110800
DTSTART;TZID=America/Detroit:20261211T100000
DTEND;TZID=America/Detroit:20261211T112000
SUMMARY:Workshop / Seminar:Optimal Second-best Menu Design: Evidence from Residential Electricity Plans
DESCRIPTION:Utilities increasingly sell electricity using complex menus of time-constant and time-varying price schedules. We study how to design such a menu to maximize social welfare in a second-best environment where the marginal private and external costs of generating electricity vary over time\, institutional constraints prevent mandating time-varying pricing\, and consumer behavior is distorted by frictions. We develop a model of plan choice\, consumption\, and intertemporal substitution with time-varying marginal social costs\, and estimate it using administrative data from a large utility. We provide evidence of substantial intertemporal substitution in response to time-varying price incentives\, and selection across plans based on multidimensional heterogeneity. While the current menu's time-varying plans substantially shift consumption from high-price to low-price hours\, we find that they reduce social welfare. This loss is mitigated by information frictions. We show how to redesign the menu to simultaneously improve outcomes for consumers\, the utility\, and the environment.
UID:151853-21912272@events.umich.edu
URL:https://events.umich.edu/event/151853
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Industrial Organization,seminar
LOCATION:North Quad - 4300
CONTACT:
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