Balladurette and Juppette: a discrete analysis of scrapping subsidies
This paper studies the effects of subsidies on durable goods markets. In particular, we study a recent policy in France in which the governments of Balladur and Juppﾂ subsidized the replacement of old cars with new ones. To study this policy, we construct a dynamic stochastic discrete choice model o...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
1997
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
6048 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | This paper studies the effects of subsidies on durable goods markets. In particular, we study a recent policy in France in which the governments of Balladur and Juppﾂ subsidized the replacement of old cars with new ones. To study this policy, we construct a dynamic stochastic discrete choice model of car ownership at the household level. The resulting decision rules and equilibrium conditions are used to estimate, using aggregate data, the underlying parameters of the model. These policy functions are used to evaluate the short and long run effects of the French policies. We find that these policies do stimulate the automobile sector in the short run but, through the induced changes in the cross sectional distribution of car ages, create the basis for subsequent low activity. Further, while these policies increase government revenues in the short run, revenues in the long run are lower relative to a baseline without intervention. |
| Physical Description: | 37 S. graph. Darst. |
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| 520 | |a This paper studies the effects of subsidies on durable goods markets. In particular, we study a recent policy in France in which the governments of Balladur and Juppﾂ subsidized the replacement of old cars with new ones. To study this policy, we construct a dynamic stochastic discrete choice model of car ownership at the household level. The resulting decision rules and equilibrium conditions are used to estimate, using aggregate data, the underlying parameters of the model. These policy functions are used to evaluate the short and long run effects of the French policies. We find that these policies do stimulate the automobile sector in the short run but, through the induced changes in the cross sectional distribution of car ages, create the basis for subsequent low activity. Further, while these policies increase government revenues in the short run, revenues in the long run are lower relative to a baseline without intervention. | ||
| 650 | 4 | |a Ökonometrisches Modell | |
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| geographic | Frankreich France Commercial policy |
| geographic_facet | Frankreich France Commercial policy |
| id | DE-604.BV011718137 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:14:34Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007902431 |
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| owner | DE-19 DE-BY-UBM DE-521 |
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| physical | 37 S. graph. Darst. |
| publishDate | 1997 |
| publishDateSearch | 1997 |
| publishDateSort | 1997 |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Adda, Jérôme Verfasser aut Balladurette and Juppette a discrete analysis of scrapping subsidies Jérôme Adda ; Russell Cooper Cambridge, Mass. 1997 37 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6048 This paper studies the effects of subsidies on durable goods markets. In particular, we study a recent policy in France in which the governments of Balladur and Juppﾂ subsidized the replacement of old cars with new ones. To study this policy, we construct a dynamic stochastic discrete choice model of car ownership at the household level. The resulting decision rules and equilibrium conditions are used to estimate, using aggregate data, the underlying parameters of the model. These policy functions are used to evaluate the short and long run effects of the French policies. We find that these policies do stimulate the automobile sector in the short run but, through the induced changes in the cross sectional distribution of car ages, create the basis for subsequent low activity. Further, while these policies increase government revenues in the short run, revenues in the long run are lower relative to a baseline without intervention. Ökonometrisches Modell Automobile industry and trade France Econometric models Automobiles Econometric models Durable goods, Consumer Econometric models Subsidies France Econometric models Used cars Econometric models Frankreich France Commercial policy Cooper, Russell W. 1955- Verfasser (DE-588)124082564 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6048 (DE-604)BV002801238 6048 http://papers.nber.org/papers/w6048.pdf kostenfrei Volltext |
| spellingShingle | Adda, Jérôme Cooper, Russell W. 1955- Balladurette and Juppette a discrete analysis of scrapping subsidies National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Automobile industry and trade France Econometric models Automobiles Econometric models Durable goods, Consumer Econometric models Subsidies France Econometric models Used cars Econometric models |
| title | Balladurette and Juppette a discrete analysis of scrapping subsidies |
| title_auth | Balladurette and Juppette a discrete analysis of scrapping subsidies |
| title_exact_search | Balladurette and Juppette a discrete analysis of scrapping subsidies |
| title_full | Balladurette and Juppette a discrete analysis of scrapping subsidies Jérôme Adda ; Russell Cooper |
| title_fullStr | Balladurette and Juppette a discrete analysis of scrapping subsidies Jérôme Adda ; Russell Cooper |
| title_full_unstemmed | Balladurette and Juppette a discrete analysis of scrapping subsidies Jérôme Adda ; Russell Cooper |
| title_short | Balladurette and Juppette |
| title_sort | balladurette and juppette a discrete analysis of scrapping subsidies |
| title_sub | a discrete analysis of scrapping subsidies |
| topic | Ökonometrisches Modell Automobile industry and trade France Econometric models Automobiles Econometric models Durable goods, Consumer Econometric models Subsidies France Econometric models Used cars Econometric models |
| topic_facet | Ökonometrisches Modell Automobile industry and trade France Econometric models Automobiles Econometric models Durable goods, Consumer Econometric models Subsidies France Econometric models Used cars Econometric models Frankreich France Commercial policy |
| url | http://papers.nber.org/papers/w6048.pdf |
| volume_link | (DE-604)BV002801238 |
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