Hysteresis and the Welfare Effect of Corrective Policies: Theory and Evidence from an Energy-Saving Program

This paper provides stark evidence of hysteresis—the failure of an effect to reverse itself as its underlying cause is reversed—in energy demand. We estimate that half of the 23% reduction in residential electricity use caused by a 9-month-long policy that was imposed on millions of Brazilians has p...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	The Journal of political economy 2021-06, Vol.129 (6), p.1705-1743
Hauptverfasser:	Costa, Francisco, Gerard, François
Format:	Artikel
Sprache:	eng
Schlagworte:	1991-2015 Bias Brasilien Economic theory Electricity Elektrizität Elektrizitätspolitik Hysterese Nachfrage Political economy Welfare
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!