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- Title
Winners and Losers: the Distributional Effects of the French Feebate on the Automobile Market.
- Authors
Durrmeyer, Isis
- Abstract
I quantify the welfare and environmental gains and losses from a policy establishing an environmental tax/subsidy for new cars in France in 2008. I estimate a structural model of demand and supply that features heterogeneity in consumer preferences to go beyond the average policy effects and analyse distributional aspects. The policy reduces average carbon emissions by 1.6% at the cost of additional emissions of local pollutants. The regulation favours middle-income individuals but has redistributive effects when combined with a tax that is proportional to income. Moreover, local pollutant emissions increase least in poor and rural areas, suggesting another redistribution channel.
- Subjects
FRANCE; AUTOMOBILE marketing; CONSUMER preferences; RURAL poor; ENVIRONMENTAL impact charges; CARBON emissions; STRUCTURAL models
- Publication
Economic Journal, 2022, Vol 132, Issue 644, p1414
- ISSN
0013-0133
- Publication type
Article
- DOI
10.1093/ej/ueab084