Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 14, 2019 erstellt
Beschreibung:
This paper provides empirical evidence on the effects of subsidies for appliances with low energy consumption on the sales and prices of subsidized models and their non-subsidized substitutes. It explores a number of subsidy programs implemented by EU member states in recent years. The empirical identification strategy exploits the trading of individual products within the EU common market. Only modest price effects are found, indicating that subsidies are mostly passed through to the consumers. While the results do indicate some intertemporal substitution effects in the sense that consumers postpone purchases of subsidized products to take advantage of the subsidy, these effects are limited and, in most cases, programs are found to exert strong positive sales effects partly associated with a drop of non-subsidized models