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BEGIN:VEVENT
UID:5b748dd25acfe0eb83ac85a4418ad2a1
CATEGORIES:Seminars
CREATED:20200915T160549
SUMMARY:Jesús Bueren - EUI
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nOver-drilling: Local Externalities and the Social Cost of Electricity S
 ubsidies in South India" with Xavier Giné, Hanan G. Jacoby, and Pedro Mira\
 n\n\nAbstract:\nBorewells have proliferated across India in recent years, p
 artly in response to massive electricity subsidies that encourage groundwat
 er pumping. This paper estimates a dynamic structural model of well-drillin
 g using panel data collected in two districts of southern India. Due to wel
 l interference, a highly localized common property externality, farmers int
 eract strategically across a network of adjacent agricultural plots. We use
  the model estimates to quantify the social costs of the current policy of 
 free (but rationed) electricity to agriculture. We also assess how local ex
 ternalities exacerbate these social costs and how long it takes for the gro
 undwater economy to transition to a new steady-state under the counterfactu
 al flat charge for electricity.\n
DTSTAMP:20260911T051421Z
DTSTART:20211004T163000Z
DTEND:20211004T180000Z
SEQUENCE:0
TRANSP:OPAQUE
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