Purchase and rental subsidies in durable-good oligopolies

IF 0.7 4区经济学 Q3 ECONOMICS

Hacienda Publica Espanola-Review of Public Economics Pub Date : 2015-01-01 DOI:10.7866/hpe-rpe.15.2.1

Amagoia Sagasta Elorza, José María Usategui Díaz de Otalora

引用次数: 0

Abstract

We fully characterize the effects of per unit subsidies for the purchase and rental of durable goods, considering subsidies in the present and subsidies in the future, under imperfect competition. We show how welfare is affected by the simultaneous consideration of subsidies on renting and selling and how the effects of a change in one of those subsidies depends on its interaction with other subsidies. Among other results we explain why a subsidy in the future mitigates the commitment problem of producers when they sell and rent the durable good in the present, we find the region in the space of subsidies where a subsidy on sales in the present simultaneously increases the consumer, producer and total surpluses, and we show that the cost of subsidies may change in the opposite direction to the direction of change in any one subsidy.

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耐用品寡头垄断的购买和租赁补贴

在不完全竞争条件下，考虑到目前的补贴和未来的补贴，我们充分描述了购买和租赁耐用品的单位补贴的影响。我们展示了福利是如何受到同时考虑租赁和销售补贴的影响的，以及其中一种补贴的变化的影响如何取决于它与其他补贴的相互作用。在这些结果中，我们解释了为什么未来的补贴减轻了生产者在当前销售和租赁耐用品时的承诺问题，我们发现在补贴空间中，当前的销售补贴同时增加了消费者、生产者和总盈余，我们表明补贴成本可能与任何一项补贴的变化方向相反。

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

Hacienda Publica Espanola-Review of Public Economics Economics, Econometrics and Finance-Finance

CiteScore

0.90

自引率

14.30%

发文量

期刊介绍： Hacienda Pública Española/Review of Public Economics welcomes submissions on all areas of public economics. We seek to publish original and innovative research, applied and theoretical, related to the economic analysis of Government intervention. For example, but not exclusively: Taxation, Redistribution, Health, Education, Pensions, Governance, Fiscal Policy and Fiscal Federalism. In addition to regular submissions, the journal welcomes submissions of: -Survey Reviews, containing surveys of the literature regarding issues of interest in the Public Economics field; -Policy oriented reviews, showing the current contributions of Public Economics in relation to relevant contemporary issues affecting public decision-makers in the real world (Policy Watch); -Comments of previously published articles. Contributions to this section should be limited to a maximum of 2 000 words (12 pages). If deemed adequate, the authors of the commented article will be given the opportunity to react in a Reply. Both Comment and Reply will be published together. Articles for the Survey Reviews and Policy Watch section are subject to the same double blind reviwing procedure. The adequacy of Comments submitted for publication will be evaluated by the Executive Editors.