This paper proposes an approach for ex-ante welfare analysis under in-kind transfers based on demand system estimation and construction of virtual prices (i.e., the at which beneficiaries would be as well off with subsidy). As application this approach, I study a program randomly transferred either food basket, procured discount in wholesale markets, or equal-cost cash transfer to poor househol...

In many countries, investments in renewable technologies have been accelerated by fixed feed-in tariffs for electricity from renewable energy sources (RES). While fixed tariffs accomplish this purpose, they lack incentives to align the RES production with price signals. Today, the intermittency of most RES increases the volatility of electricity prices and makes balancing supply and demand more...

This study examines the feasibility of indirect solar desalination in oil producing countries in the Middle East and North Africa (MENA) region. It relies on value engineering (VE) and costbenefit with sensitivity analyses to identify optimal coupling configurations of desalination and solar energy technologies. A comparative return on investment was assessed as a function of water costs for va...

Delayed payment (trade credit) and prepayment are widely observed forms of interfirm credit. We propose a simple theory to account for the prevalence of such credit. A downstream firm trades off inventory holding costs against lost sales. Lost final sales impose a negative externality on the upstream firm. The solution requires a subsidy limited by the value of inputs. Allowing the downstream f...

It is often argued that fossil fuel subsidies hamper the transition towards a sustainable energy supply as they incentivize wasteful consumption. We assess implications of a subsidy phase‐ out for the mitigation of climate change and the low‐carbon transformation of the energy system, using the global energy–economy model REMIND. We compare our results with those obtained by the International E...

MARKETING BOARDS, FERTILIZER SUBSIDIES, PRICES, & SMALLHOLDER BEHAVIOR: MODELING & POLICY IMPLICATIONS FOR ZAMBIA By Nicole Marie Mason Grain marketing boards (GMBs), strategic grain reserves (SGRs), and fertilizer subsidies have experienced a renaissance in eastern and southern Africa over the last decade. Relatively little is known about how the re-emergence of GMBs/SGRs as major players in m...

In recent years, research examining determinants and consequences of the means-tested child care subsidy program (the Child Care and Development Fund [CCDF]) has grown dramatically. To measure subsidy utilization, existing studies typically rely on parent-reported measures of subsidy receipt drawn from large surveys. As the research literature on child care subsidies has grown, however, so have...

dependent on initial conditions, stochastic elements are also incorporated into the analysis. In this study, the effects of an export subsidy for cotton are analyzed using a linear elasticity model. COMPARATIVE STATICS OF AN The study explicitly addresses the interaction of EXPORT SUBSIDY current domestic policies with the proposed export subsidy. An export subsidy may be a successful The expec...

In this paper, we examine the effects of various industrial policies on the Korean economy using a dynamic general equilibrium model. We consider industria1 policies such as corporate income tax and subsidy as well as R&D subsidy policy. In the model we classify household sector into 10 income groups and classify production sector into 38 industries. In particular we distinguish the parts and m...