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BEGIN:VEVENT
DTSTAMP:20260428T063335Z
DTSTART;VALUE=DATE-TIME:20251202T153000
DTEND;VALUE=DATE-TIME:20251202T163000
SUMMARY:ERG (Econometrics Reading Group) - Sebastien Montpetit
TZID:Europe/London
UID:20251202-8ac672c79a9b3bf2019ab54136325166@warwick.ac.uk
CREATED:20251128T141151Z
DESCRIPTION:Sébastien Montpetit will present his work-in-progress methodo
 logical projects in IO/public/environment Title: Are Climate Policies Ma
 rginal? A Welfare Evaluation of Environmental Reforms (with Jean-Françoi
 s Fournel) Abstract: Which climate investments should policymakers prior
 itize? We develop a framework that combines the Marginal Value of Public
  Funds (MVPF) with structural models of demand for green technologies to
  evaluate the welfare effects of environmental reforms. Our approach tra
 ces the MVPF across the entire policy spectrum using counterfactual simu
 lations\, thereby relaxing the constant-elasticity and “small-change” as
 sumptions of sufficient-statistics methods. We apply our methodology to 
 the Canadian electric vehicle market\, following Fournel (2025). The ana
 lysis reveals strong nonlinearities in the cost-effectiveness of electri
 c vehicle incentives: initial subsidies yield substantial welfare gains\
 , but diminishing returns make large subsidies inefficient. At average s
 ubsidy levels\, we estimate an MVPF of 1.07\, indicating modest social r
 eturns. Counterfactual simulations suggest that investing in charging-st
 ation deployment generates the highest welfare gains\, while taxing fuel
 -inefficient vehicles is not an efficient funding source.
LOCATION:FAB2.61 (Faculty of Arts building)
CATEGORIES:Econometrics Reading Group
LAST-MODIFIED:20251128T141151Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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