Compensating against fuel price inflation: Price subsidies or transfers?

IF 5.5 3区 经济学 Q1 BUSINESS
Odran Bonnet , Étienne Fize , Tristan Loisel , Lionel Wilner
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引用次数: 0

Abstract

Compensating agents against substantial and sudden shocks requires both targeting tax policies and taking behavioral responses into account. Based on transaction-level data from France, this article exploits quasi-experimental variation provided by 2022 fuel price inflation and excise tax cuts. After disentangling anticipation from price effects, we estimate a price elasticity of fuel demand of −0.31, on average, which varies little with respect to income and location but substantially decreases with fuel spending, in absolute value. Using targeted transfers only achieves imperfect compensation, yet a budget-constrained policy-maker seeking to alleviate excessive losses relative to income prefers income-based transfers to price subsidies.
补偿燃料价格上涨:价格补贴还是转移支付?
补偿代理人免受重大和突然的冲击,既需要有针对性的税收政策,也需要考虑到行为反应。本文基于法国的交易级数据,利用2022年燃料价格通胀和消费税削减提供的准实验性变化。在从价格效应中分离预期后,我们估计燃料需求的价格弹性平均为- 0.31,其绝对值与收入和位置的变化不大,但与燃料支出的绝对值大幅下降。使用定向转移支付只能实现不完美的补偿,然而预算受限的政策制定者为了减轻相对于收入的过度损失,更倾向于基于收入的转移支付,而不是价格补贴。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
8.00
自引率
4.30%
发文量
91
期刊介绍: The Journal of Environmental Economics and Management publishes theoretical and empirical papers devoted to specific natural resources and environmental issues. For consideration, papers should (1) contain a substantial element embodying the linkage between economic systems and environmental and natural resources systems or (2) be of substantial importance in understanding the management and/or social control of the economy in its relations with the natural environment. Although the general orientation of the journal is toward economics, interdisciplinary papers by researchers in other fields of interest to resource and environmental economists will be welcomed.
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