Welfare Effects of Fuel Tax and Feebate Policies in the Japanese New Car Market

Abe, Tatsuya

Welfare Effects of Fuel Tax and Feebate Policies in the Japanese New Car Market

Abe, Tatsuya

Institute of Social and Economic Research Discussion Papers, 2022, 1183, 1-46

アクセス数:71件（2025-03-12 13:23 集計）

固定URL: https://hdl.handle.net/11094/88645

論文情報

ファイル出力 EndNote Basic出力 Mendeley出力

タイトル	Welfare Effects of Fuel Tax and Feebate Policies in the Japanese New Car Market
著者	著者名 Abe, Tatsuya
キーワード等	Discrete-Continuous choice
	Fuel tax
	Feebate policy
	Rebound effect
	Decomposition
	Distributional impact
抄録	This paper examines the efficiency and distributional effects of fuel tax and feebate policies in the automobile market. I employ a model in which households make two-stage decisions on car ownership and utilization, and I estimate model parameters by combining micro-level data from a household survey and macro-level aggregate data on the Japanese new car market from 2006 through 2013. Interestingly, several system changes in the Japanese feebate created rich variations in vehicle prices across vehicles and over time during the sample period. I use such exogenous variation to overcome the vehicle price endogeneity associated with demand estima?tion. Counterfactual analyses show that the Japanese feebate results in a significant increase in social welfare while augmenting environmental externalities. In particular, the rebound effect induced by the feebate cancels out approximately 7% of the reduction in CO2 emissions that would originally have been attained by the improvement in fuel economy. In addition, I find that the fuel tax at the current tax rate in Japan is 1.7 times less costly than the product tax, an alternative feebate scheme considered in the counterfactuals. I also find that there is no dif?ference in regressivity between the two policies in reducing negative environmental externalities by the same amount.
出版者	The Institute of Social and Economic Research, Osaka University
収録物名	Institute of Social and Economic Research Discussion Papers
巻(号)	1183
ページ	1-46
刊行年月	2022-07
言語	英語
ハンドルURL	https://hdl.handle.net/11094/88645
PISSN	0473453X
eISSN	24350982
関連情報 (references)	URI https://www.iser.osaka-u.ac.jp/library/dp/2022/DP1183.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers. 2022, 1183, p. 1-46
DC.title	Welfare Effects of Fuel Tax and Feebate Policies in the Japanese New Car Market
DC.creator	Abe, Tatsuya
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2022-07
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/library/dp/2022/DP1183.pdf
DC.subject	Discrete-Continuous choice
	Fuel tax
	Feebate policy
	Rebound effect
	Decomposition
	Distributional impact
DCTERMS.abstract	This paper examines the efficiency and distributional effects of fuel tax and feebate policies in the automobile market. I employ a model in which households make two-stage decisions on car ownership and utilization, and I estimate model parameters by combining micro-level data from a household survey and macro-level aggregate data on the Japanese new car market from 2006 through 2013. Interestingly, several system changes in the Japanese feebate created rich variations in vehicle prices across vehicles and over time during the sample period. I use such exogenous variation to overcome the vehicle price endogeneity associated with demand estima?tion. Counterfactual analyses show that the Japanese feebate results in a significant increase in social welfare while augmenting environmental externalities. In particular, the rebound effect induced by the feebate cancels out approximately 7% of the reduction in CO2 emissions that would originally have been attained by the improvement in fuel economy. In addition, I find that the fuel tax at the current tax rate in Japan is 1.7 times less costly than the product tax, an alternative feebate scheme considered in the counterfactuals. I also find that there is no dif?ference in regressivity between the two policies in reducing negative environmental externalities by the same amount.
DC.format	88645
citation_title	Welfare Effects of Fuel Tax and Feebate Policies in the Japanese New Car Market
citation_author	Abe, Tatsuya
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2022-07
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	1183
citation_firstpage	1
citation_lastpage	46
citation_public_url	https://hdl.handle.net/11094/88645
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/library/dp/2022/DP1183.pdf

Welfare Effects of Fuel Tax and Feebate Policies in the Japanese New Car Market

論文情報

論文詳細を表示