The economic and political aspects of energy subsidies, viewed both
theoretically and empirically, with a focus on fossil fuel
subsidies in developing nations. Government subsidies to energy are
widespread and represent a heavy burden on public budgets in many
countries. Both producers and consumers may be subsidized; the most
common subsidies are for motor fuel consumption and electricity
production and consumption. The subsidies to consumers often prove
particularly harmful because they result in increased energy
consumption, increased carbon emissions, and distortionary effects
on consumer behavior. This book fills a void in the literature by
providing a first, broad and diverse, analysis of several aspects
of the economic and political economy aspects of government energy
subsidies. The contributors take both theoretical and empirical
approaches, with most of the focus on subsidies to fuel and
electricity in non-OECD countries. The chapters cover such topics
as energy pricing, reelection incentives for politicians that may
encourage excessive subsidies; political corruption and "bribing
equilibria," the the "resource curse" in developing countries when
the gains from natural resource windfalls are largely wasted, the
"entitlement" of energy subsidies in autocracies, and
distributional issues when subsidies targeted to the poor are
removed in high-income countries. One chapter discusses nonharmful
subsidies: the potential economic effects of subsidizing the
manufacturing and deployment of renewable energy. Contributors
Carolyn Fischer, Mads Greaker, Mohammad Habibpour, Michelle
Harding, Christina Kolerus, Christos Kotsogiannis, Jim Krane, Alber
Touna Mama, Raffaele Miniaci, Marco Pani, Ian Parry, Carlo Perroni,
Leonzio Rizzo, Knut Einar Rosendahl, Carlo Scarpa, Neda Seiban,
Suphi Sen, Jon Strand, Paola Valbonesi, Herman Vollebergh
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