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BEGIN:VEVENT
UID:5b748dd25acfe0eb83ac85a4418ad2a1
CATEGORIES:Seminars
CREATED:20200915T160549
SUMMARY:Jesús Bueren - EUI
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p><strong>Over-drilling: Local Externalities and the Social Cost of Electr
 icity Subsidies in South India</strong>" with Xavier Giné, Hanan G. Jacoby,
  and Pedro Mira</p><p>Abstract:</p><p style="text-align: justify;">Borewell
 s have proliferated across India in recent years, partly in response to mas
 sive electricity subsidies that encourage groundwater pumping. This paper e
 stimates a dynamic structural model of well-drilling using panel data colle
 cted in two districts of southern India. Due to well interference, a highly
  localized common property externality, farmers interact strategically acro
 ss a network of adjacent agricultural plots. We use the model estimates to 
 quantify the social costs of the current policy of free (but rationed) elec
 tricity to agriculture. We also assess how local externalities exacerbate t
 hese social costs and how long it takes for the groundwater economy to tran
 sition to a new steady-state under the counterfactual flat charge for elect
 ricity.</p>
DTSTAMP:20260911T051446Z
DTSTART:20211004T163000Z
DTEND:20211004T180000Z
SEQUENCE:0
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