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首页> 外文期刊>Journal of the Association of Environmental and Resource Economists >Fuel Subsidy Pass-Through and Market Structure: Evidence from the Renewable Fuel Standard
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Fuel Subsidy Pass-Through and Market Structure: Evidence from the Renewable Fuel Standard

机译：燃料补贴通过和市场结构：来自可再生燃料标准的证据

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摘要

The Renewable Fuel Standard (RFS) is among the largest renewable energy mandates in the world. The policy is enforced using tradeable credits that implicitly subsidize biofuels and tax fossil fuels. The RFS relies on these taxes and subsidies to be passed through to consumers to stimulate demand for biofuels and decrease demand for gasoline and diesel. We study pass-through of the RFS subsidy for E85, a high-ethanol blend fuel, to retail fuel prices using weekly prices from over 450 fuel stations in the United States. We find that, on average, half to three-quarters of the E85 subsidy is passed through to consumers. However, pass-through takes 6-8 weeks, and station-level pass-through rates exhibit substantial heterogeneity, with the retailers' market structure influencing both the speed and level of pass-through.
机译：可再生燃料标准（RFS）是世界上最大的可再生能源法规之一。该政策是使用可交易的信贷执行的，该信贷隐含地补贴了生物燃料并向化石燃料征税。 RFS依靠这些税收和补贴转嫁给消费者，以刺激对生物燃料的需求并减少对汽油和柴油的需求。我们使用美国450多个加油站的每周价格研究RFS补贴E85（一种高乙醇混合燃料）对零售燃料价格的传递。我们发现，平均而言，E85补贴的一半至四分之三会转嫁给消费者。但是，传递需要6-8周的时间，而站点级别的传递率则表现出很大的异质性，零售商的市场结构会影响传递的速度和水平。

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