Ganapati, Sharat
Energy cost pass-through in US manufacturing estimates and implications for carbon taxes / by Sharat Ganapati, Joseph S. Shapiro and Reed Walker .-- , 2020
Disponible también en formato electrónico.
Resumen.
Bibliografía.
We study how changes in energy input costs for US manufacturers affect the relative welfare of manufacturing producers and consumers (i.e., incidence). We also develop a methodology to estimate the incidence of input taxes that accounts for incomplete pass-through, imperfect competition, and substitution among inputs. For the several industries we study, 70 percent of energy price-driven changes in input costs get passed through to consumers in the short to medium run. The share of the welfare cost that consumers bear is 25–75 percent smaller (and the share producers bear is larger) than models featuring complete pass-through and perfect competition would suggest.
ENERGIA
COSTOS
CARBON
IMPUESTOS
INCIDENCIA Y TRASLACION
MANUFACTURAS
INDUSTRIA
ESTADOS UNIDOS
Shapiro, Joseph S.
Walker, William Reed
American Economic Journal : Applied Economics 1945-7782v. 12, n. 2, April 2020, p.303-342
Energy cost pass-through in US manufacturing estimates and implications for carbon taxes / by Sharat Ganapati, Joseph S. Shapiro and Reed Walker .-- , 2020
Disponible también en formato electrónico.
Resumen.
Bibliografía.
We study how changes in energy input costs for US manufacturers affect the relative welfare of manufacturing producers and consumers (i.e., incidence). We also develop a methodology to estimate the incidence of input taxes that accounts for incomplete pass-through, imperfect competition, and substitution among inputs. For the several industries we study, 70 percent of energy price-driven changes in input costs get passed through to consumers in the short to medium run. The share of the welfare cost that consumers bear is 25–75 percent smaller (and the share producers bear is larger) than models featuring complete pass-through and perfect competition would suggest.
ENERGIA
COSTOS
CARBON
IMPUESTOS
INCIDENCIA Y TRASLACION
MANUFACTURAS
INDUSTRIA
ESTADOS UNIDOS
Shapiro, Joseph S.
Walker, William Reed
American Economic Journal : Applied Economics 1945-7782v. 12, n. 2, April 2020, p.303-342