題 目：Managing Policy Anticipation

主講人：李嘉晟 助理研究員

時  間：2024年9月23日（周一）16:00-17:30

地  點：學院樓13号樓321

主  辦：伟德平台怎么样

摘要：This paper examines the impact of anticipated tax increases on household purchasing behavior and social welfare. Using a bunching design, we analyze two consecutive tax increases for small displacement vehicles in China. Our findings reveal that the length of anticipation significantly influences the timing of household purchases. We develop a dynamic discrete choice model incorporating limited memory to explain these results. Theoretical analysis indicates that individuals' responses to anticipated policy shocks are shaped by limited memory and option value effects. We estimate the parameters of our structural model and conduct a series of counterfactual experiments, finding that the optimal anticipation period is two months before the tax increase. This enhances the policy's effect by over 8.85% in terms of sales and stimulates demand for 15.651 thousand more vehicles compared to an unexpected policy roll-out. These findings have important implications for policymakers, suggesting that a better understanding of household responses to anticipated tax increases can inform the design of policies that effectively promote social welfare.

主講人簡介：

李嘉晟，清華大學經濟管理學院助理研究員，國家資助博士後研究人員計劃獲得者，研究領域為公共财政、産業經濟學。目前工作論文于期刊International Economic Review返修，擔任Journal of Economic Behavior & Organization、China Economic Review、China&World Economy等期刊的匿名審稿人。