Effects of Consumer Subsidies for Renewable Energy on Industry Growth and Welfare: Japanese Solar Energy
Abstractã€€ã€€ This paper examines the eÂ¤ectiveness of consumer subsidies to encourage the in- stallment of solar panels in Japan. Such subsidies can be justiÂ…ed on the ground that the prices to consumers of the conventional energy alternative do not reÂ‡ect their full social costs. The paper investigates two types of subsidies: buy-back rebates and feed-in tariÂ¤s. Estimates reveals modest demand elasticity and small learning eÂ¤ect. Simula- tions, based on structural demand and supply estimates, indicate that the subsidies can have either beneÂ…cial or detrimental eÂ¤ects on social welfare. The paper concludes that the impacts of the subsidies critically rely on the cost structure and the magnitude of external costs arising from greenhouse emissions.
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Bibliographic InfoPaper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-925.
Length: 28 pages
Date of creation: Mar 2014
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-11 (All new papers)
- NEP-ENE-2014-04-11 (Energy Economics)
- NEP-ENV-2014-04-11 (Environmental Economics)
- NEP-GER-2014-04-11 (German Papers)
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- David Genesove & Wallace P. Mullin, 1998. "Testing Static Oligopoly Models: Conduct and Cost in the Sugar Industry, 1890-1914," RAND Journal of Economics, The RAND Corporation, vol. 29(2), pages 355-377, Summer.
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