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- Title
New vehicle feebates.
- Authors
Rivers, Nicholas; Schaufele, Brandon
- Abstract
New vehicle feebate programs encourage improved fleet-wide vehicle fuel efficiency; yet analyses of these policies have been limited to ad hoc proposals. In this paper, we exploit an extensive, multi-year dataset which includes more than 16 million observations to evaluate the welfare implications of a long-standing vehicle feebate program in the Canadian province of Ontario. We: (1) show that second-best optimal feebates can be written as a function of new vehicle Pigouvian taxes; (2) find that Ontario's feebate program was welfare-enhancing relative to a no feebate scenario but that a second-best optimal benchmark would have yielded additional welfare while reducing fleet-wide emissions; and (3) find that Ontarian consumers responded asymmetrically to fees versus rebates.
- Subjects
CANADA; ONTARIO; MOTOR vehicle fuel consumption; AUTOMOTIVE fuel consumption; TAX rebates; TAXATION; PUBLIC welfare; EMISSION control
- Publication
Canadian Journal of Economics, 2017, Vol 50, Issue 1, p201
- ISSN
0008-4085
- Publication type
Article
- DOI
10.1111/caje.12255