Welfare implications of a tax on electricity: A semi-parametric specification of the incomplete EASI demand system

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dc.contributor.affiliationUniversidad EAFITspa
dc.contributor.authorRamírez Hassan, Andrés
dc.contributor.authorLópez Vera, Alejandro
dc.contributor.departmentEscuela de Finanzas, Economía y Gobierno
dc.contributor.researchgroupValor Público EAFIT
dc.creator.emailaramir21@eafit.edu.co
dc.creator.emailcalopezv@eafit.edu.co
dc.date.accessioned2024-08-15T21:50:22Z
dc.date.available2024-08-15T21:50:22Z
dc.date.issued2024-01
dc.description.abstractWe perform a welfare analysis due to a tax on electricity consumption based on the incomplete exact affine Stone index (EASI) model using a novel data set in the Colombian economy. We provide a novel inferential framework based on a non-parametric specification of the stochastic errors using Dirichlet processes mixtures that allows handling non-normal errors, gaining efficiency, and taking into account, microeconomic restrictions, censoring, simultaneous endogeneity and non-linearity. We find that there is a 95% probability that the equivalent variation of the representative household is between US cent 34.1 and US cent 34.3, given an approximately 0.8% tariff increase (US cent 0.12 per kWh). In addition, we observe that the welfare loss of the representative household of the lowest socioeconomic characteristics is approximately twice the loss of the representative household of the highest socioeconomic characteristics.eng
dc.description.note5 páginasspa
dc.identifier.instnameinstname: Universidad EAFIT
dc.identifier.reponamereponame: Repositorio Institucional Universidad EAFIT
dc.identifier.urihttps://hdl.handle.net/10784/34320
dc.language.isoengspa
dc.publisherUniversidad EAFITspa
dc.rightsopenAccesseng
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordTaxeng
dc.subject.keywordElectricityeng
dc.subject.keywordEASI demand systemeng
dc.titleWelfare implications of a tax on electricity: A semi-parametric specification of the incomplete EASI demand systemeng
dc.typeinfo:eu-repo/semantics/othereng
dc.typeothereng
dc.type.coarhttp://purl.org/coar/resource_type/c_1843eng
dc.type.hasVersionacceptedVersioneng
dc.type.localNoticiaspa
dc.type.redcolhttp://purl.org/redcol/resource_type/ARTOTReng

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