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- W2187960355 abstract "Ex-post evaluations are crucial to measure the empirical eects of public policies. At the same time, one can wonder how much of these eects could be anticipated ex-ante. We address this question using a bonus/malus policy introduced in France to reduce CO2 emissions. This policy was, in particular, supposed to be financially neutral. At the end of the day, the CO2 emissions have been reduces by 5% at a cost of 200 Me. Using a structural approach, we show that only 36% of this cost was predictable ex-ante. The underlying reason is that the bonus (resp. malus) appears to be more than just a price reduction (resp. increase). Consumers react very strongly to these instruments whose elasticities are around ten times the price elasticity." @default.
- W2187960355 created "2016-06-24" @default.
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- W2187960355 date "2010-01-01" @default.
- W2187960355 modified "2023-09-27" @default.
- W2187960355 title "What did you expect ? Lessons from the French Bonus/Malus." @default.
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