Energy Price Reform¶
Coady, D., Parry, I. W. H., & Shang, B. (2018). Energy Price Reform: Lessons for Policymakers. Review of Environmental Economics and Policy, 12(2), 197-219.
Cited by¶
1 citation across 1 artifact.
Primes¶
- Withdrawal Rebound
- In regulation and subsidy it is the price jump when a capitalized subsidy is ended, because supply chains and inventories had re-equilibrated around its presence — large in the estimates, though not established as bigger than the subsidy was worth, since measured pass-through to retail prices runs well below one-for-one.
Supported in partVerified against the work's full text
Coady et al. give the large estimated price rises from removing subsidies, but say nothing about supply-chain adjustment or measured retail pass-through below one-for-one.
“the price of coal, petroleum products, natural gas, and electricity would increase by around 200 percent, 50 percent, 45 percent, and 70 percent, respectively”
- In regulation and subsidy it is the price jump when a capitalized subsidy is ended, because supply chains and inventories had re-equilibrated around its presence — large in the estimates, though not established as bigger than the subsidy was worth, since measured pass-through to retail prices runs well below one-for-one.
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