cam a22 2 4500 467967237 CHVBK 20200107120319.0 cr ||||||||||| 170327s2017 xxu||||||---- 00 |eng-d (OCoLC)979541821 (IDSSG)000917580 SzZuIDS HSG ger rda Pless Jacquelyn Verfasser aut The Surprising Pass-Through of Solar Subsidies Jacquelyn Pless, Arthur A. van Benthem Cambridge, MA National Bureau of Economic Research 2017 1 Online-Ressource Text txt rdacontent/ger Computermedien c rdamedia/ger Online-Ressource cr rdacarrier/ger NBER working paper series 23260 23260 (IDSSG)000043070 523018967 We estimate the pass-through of solar energy subsidies to solar system prices. Rich micro-level transaction and subsidy data from California indicate that pass-through is remarkably high and differs substantially for consumers who buy versus lease solar systems. Buyers capture nearly the full subsidy, while there is more-than-complete pass-through to lessees. We formalize pass-through over-shifting as an under-utilized test for market power that can also be applied in other contexts. We rule out alternative explanations for over-shifting and conclude that our estimates provide evidence for imperfectly competitive solar markets. Our findings have implications for the distributional effects of energy subsidies. Benthem Arthur A. van Verfasser aut http://www.nber.org/papers/w23260 Full text for the University of St. Gallen noalma ids I IDSSG 100 1- Pless Jacquelyn Verfasser aut IDSSG 490 0- NBER working paper series 23260 23260 (IDSSG)000043070 523018967 IDSSG 700 1- Benthem Arthur A. van Verfasser aut IDSSG 856 -- http://www.nber.org/papers/w23260 Full text for the University of St. Gallen BK020053 XK020053 XK020000 IDSSG HSG HSG ONL HONL000917580