| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11908 |
| DP11908 Pass-Through as a Test for Market Power: An Application to Solar Subsidies | |
| Arthur van Benthem | |
| 发表日期 | 2017-03-14 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We formalize pass-through over-shifting as a simple yet under-utilized test for market power. We apply this test in the market for solar energy. Specifically, we estimate the pass-through of solar subsidies to solar system prices using rich micro-level transaction and subsidy data from California. Buyers of solar systems capture nearly the full subsidy, while there is more-than-complete pass-through to lessees. We conclude that solar markets are imperfectly competitive by ruling out alternative explanations for over-shifting, and reinforce this conclusion with a test of solar demand curvature. This procedure can serve to detect market power beyond the solar market. |
| 主题 | Public Economics |
| 关键词 | Solar subsidy Pass-through Over-shifting Demand curvature market power Third-party ownership Buy vs. lease |
| URL | https://cepr.org/publications/dp11908-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540720 |
| 推荐引用方式 GB/T 7714 | Arthur van Benthem. DP11908 Pass-Through as a Test for Market Power: An Application to Solar Subsidies. 2017. |
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