Energy Cost Pass-Through in US Manufacturing: Estimates and Implications for Carbon Taxes

Energy Cost Pass-Through in US Manufacturing: Estimates and Implications for Carbon Taxes
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DOI:
10.1257/app.20180474
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发表时间:
2020-04-01
影响因子:
6.2
通讯作者:
Walker, Reed
Walker, Reed
中科院分区:
经济学1区
文献类型:
--
作者:
Ganapati, Sharat;Shapiro, Joseph S.;Walker, Reed

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我们研究了美国制造商能源投入成本的变化如何影响制造业生产者和消费者的相对福利(即,发病率)。我们还开发了一种方法来估计进项税的发生率,占不完全通过,不完全竞争和替代之间的投入。对于我们研究的几个行业,70%的能源价格驱动的投入成本变化在短期到中期内传递给消费者。消费者承担的福利成本份额比完全传递和完全竞争模型所建议的要小25%~ 75%(而生产者承担的份额要大)。
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.