G2TT
来源类型Working Papers
规范类型论文
来源IDWP-2017-011
The Behavioral Effect of Pigovian Regulation: Evidence from a Field Experiment
Bruno Lanz; Jules-Daniel Wurlod; Luca Panzone; and Timothy Swanson
发表日期2017-06
出版年2017
语种英语
摘要

Pigovian regulation provides monetary penalties/rewards to incentivize prosocial behavior, and may thereby trigger behavioral effects beyond a more standard response associated with a change in relative prices. This paper quantifies the magnitude of these behavioral effects using data from an experiment on real product choices together with a structural model of consumer behavior. First, we show that information about external effects (products’ embodied carbon emissions) triggers voluntary substitution towards cleaner alternatives, and we estimate that this effect is equivalent to a change in relative prices of GBP30.69-165.15/tCO2. Second, comparing a Pigovian intervention (GBP19/tCO2) with a neutrally-framed price change of the same magnitude, we find a negative behavioral effect associated with regulation. Compensating this bias would require increasing the Pigovian price signal by up to 48.06/tCO2. Finally, based on a cross-product comparison, we show that the magnitude of behavioral effects declines with substitutability between clean and dirty product alternatives, a measure of effort to reduce emissions.

Keywords: Externalities; Pigovian regulation; Consumer behavior; Information; Field experiments; Environmental policy.

JEL Codes: C93; D03; D12; H23; Q58.

关键词Externalities Pigovian regulation Consumer behavior Information Field experiments Environmental policy
URLhttp://ceepr.mit.edu/publications/working-papers/664
来源智库Center for Energy and Environmental Policy Research (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/172816
推荐引用方式
GB/T 7714
Bruno Lanz,Jules-Daniel Wurlod,Luca Panzone,et al. The Behavioral Effect of Pigovian Regulation: Evidence from a Field Experiment. 2017.
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2017-011.pdf(1967KB)智库出版物 限制开放CC BY-NC-SA浏览
2017-011-Brief.pdf(2225KB)智库出版物 限制开放CC BY-NC-SA浏览
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文件名: 2017-011.pdf
格式: Adobe PDF
文件名: 2017-011-Brief.pdf
格式: Adobe PDF

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