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DTSTART:20251026T030000
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UID:calendar.138931.field_date.0@www.tse-fr.eu
DTSTAMP:20260712T030207Z
CREATED:20260107T121001Z
DESCRIPTION:Nicholas Vreugdenhil (Arizona State University)\, “Optimal Seco
 nd-best Menu Design: Evidence from Residential Electricity Plans”\, Enviro
 nmental Economics Seminar\, Toulouse: TSE\, March 9\, 2026\, 11:00–12:15\,
  room Auditorium 4.\n\nUtilities increasingly sell electricity using compl
 ex menus of time-constant and time-varying\nprice schedules. We study how 
 to design such a menu to maximize social welfare in a secondbest environme
 nt where the marginal private and external costs of generating electricity
  vary over\ntime\, institutional constraints prevent mandating time-varyin
 g pricing\, and consumer behavior\nis distorted by frictions. We develop a
  model of plan choice\, consumption\, and intertemporal\nsubstitution with
  time-varying marginal social costs\, and estimate it using administrative
 \ndata from a large utility. We provide evidence of substantial intertempo
 ral substitution in\nresponse to time-varying price incentives\, and selec
 tion across plans based on multidimensional\nheterogeneity. While the curr
 ent menu’s time-varying plans substantially shift consumption\nfrom high-p
 rice to low-price hours\, we find that they reduce social welfare. This lo
 ss is\nmitigated by information frictions. We show how to redesign the men
 u to simultaneously\nimprove outcomes for consumers\, the utility\, and th
 e environment.
DTSTART;TZID=Europe/Paris:20260309T110000
DTEND;TZID=Europe/Paris:20260309T121500
LAST-MODIFIED:20260123T011001Z
LOCATION:Toulouse: TSE\, March 9\, 2026\, 11:00–12:15\, room Auditorium 4
SUMMARY:Environmental Economics Seminar
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2026-optimal-second-best-menu-d
 esign-evidence-residential-electricity-plans
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