Dear colleagues,

The Department of Economics cordially invites you to the WU Research Seminar in Economics on Wednesday, November 19^th, with Kevin Remmy (https://www.vwl.uni-mannheim.de/remmy/) presenting: "Equilibrium Effects in Complementary Markets: Electric Vehicle Adoption and Electricity Pricing”.

Abstract: The transition to electric vehicles (EVs) shifts the complementary market for passenger transport from oil to electricity. We develop and estimate a joint equilibrium model of the German electricity and automobile markets, emphasizing the timing of EV charging, as electricity generation costs and pollution vary intraday. Our results show that under Germany’s current flat electricity pricing scheme, EVs create a significant pecuniary externality on all other electricity users. Exposing EV charging to wholesale price variation reduces this pecuniary externality but also triggers a feedback loop that leads to more EV sales and more charging in equilibrium.

• Date: Wednesday, November 19^th
• Time: 4.30 to 6 pm (CET)
• Location: building D4, entrance A, ground floor, D4.0.039

With best regards,

Harald Oberhofer

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Univ.-Prof. Dr. Harald Oberhofer

Department of Economics 

WU Vienna University of Economics and Business

Phone: +43/1/31336-4984

Email: harald.oberhofer@wu.ac.at

https://www.wu.ac.at/en/economics/people/oberhofer-h

Austrian Institute of Economic Research (WIFO)

Phone: +43/1/7982601-468

Email: harald.oberhofer@wifo.ac.at

http://www.wifo.ac.at/harald_oberhofer