Davide Cerruti


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Cerruti

First Name

Davide

ORCID

0000-0002-8756-9771

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Publications 1 - 10 of 17
  • Impact of Monetary Incentives on the Adoption of Direct Load Control Electricity Tariffs by Residential Consumers
    Item type: Working Paper
    Cerruti, Davide; Filippini, Massimo; Marchioro, Flora; et al. (2023)
    Economics Working Paper Series
    To overcome the inherent clash between the ever-increasing push for electrification in the transportation and heating sectors, and the intermittent nature of renewable energy sources, demand response solutions such as direct load control (DLC) tariffs are receiving growing attention from researchers and policymakers. The present study aims to investigate the impact of two measures (i.e. a video intervention and an upfront subsidy) in increasing the acceptance rates of an existing DLC tariff targeted at electric vehicle charging stations and heat pumps in Switzerland. To achieve this, we combine two randomized controlled trials: (1) a stated-choice contingent valuation on electric vehicle owners to confirm the validity of the upfront susbidy, and (2) a revealed-preference field experiment on an existing DLC tariff proposed to the clients of a local distribution system operator. Results suggest that both measures of video and monetary intervention increase contact and subscription rates to the proposed DLC tariff, although the monetary intervention appears to be more convincing to consumers. Further, we use these results in combination with a bottom-up electricity market model to simulate the consequences on the level of system cost of a large-scale implementation of a DLC tariff.
  • Pricing and other instruments for climate change mitigation in private transport
    Item type: Book Chapter
    Andersson, Henrik; Cerruti, Davide; Huse, Cristian (2023)
    Handbook on Transport Pricing and Financing
  • Politische Maßnahmen zur Reduzierung der Energieeffizienzlücke
    Item type: Report
    Burger, Paul; Cerruti, Davide; Filippini, Massimo; et al. (2019)
    SCCER CREST White Paper
  • Charging Drivers by the Pound: The Effects of the UK Vehicle Tax System
    Item type: Conference Paper
    Cerruti, Davide; Alberini, Anna; Linn, Joshua (2017)
  • Policy Instruments to Reduce Carbon Emissions From Road Transport
    Item type: Encyclopedia Entry
    Cerruti, Davide; Huse, Cristian (2021)
    International Encyclopedia of Transportation
    This paper surveys policy instruments aiming at reducing carbon emissions from road transport. We present the basic economic framework used to evaluate environmental policy instruments and discuss the challenges and limitations it faces, which are important enough to justify departures from the first-best instrument (Pigouvian tax). We then discuss a number of policy instruments, including fuel and mileage taxes, standards, different forms of vehicle taxes, feebates, scrappage and information programs, as well as congestion pricing, driving restrictions, and public transport policies. We aim to strike a balance between real-life applications and economic intuition, emphasizing pros and cons of policy instruments as well as the margins they affect, all to provide the reader with a well-rounded view of the topic. We conclude by discussing how the impending changes in the transport sector, such as the diffusion of new technologies and business models, are expected to call for new solutions from policy-makers.
  • Charging Drivers by the Pound: How Does the UK Vehicle Tax System Affect CO₂ Emissions?
    Item type: Journal Article
    Cerruti, Davide; Alberini, Anna; Linn, Joshua (2019)
    Environmental and Resource Economics
    Policymakers have been considering vehicle and fuel taxes to reduce transportation greenhouse gas emissions, but there is little evidence on the relative efficacy of these approaches. We examine an annual vehicle registration tax, the vehicle excise duty (VED), which is based on carbon emissions rates. The UK first adopted the system in 2001 and made substantial changes to it in the following years. Using a highly disaggregated dataset at the trim-variant level of UK registrations and characteristics of new cars, we estimate the effect of the VED on new vehicle registrations and their carbon emissions. The VED increased the adoption of low-emissions vehicles and discouraged the purchase of very polluting vehicles, but it had a small effect on aggregate emissions. Using the empirical estimates, we compare the VED with two hypothetical taxes: a tax proportional to carbon emissions per kilometer, and a carbon tax. The VED reduces total emissions from new cars twice as much as the emissions rate tax but by half as much as the emissions tax. Much of the advantage of the emissions tax arises from adjustments in miles driven, rather than the composition of the new car sales.
  • Speed limits and vehicle accidents in built-up areas: The impact of 30 km/h zones
    Item type: Working Paper
    Cerruti, Davide; Filippini, Massimo (2021)
    Economics Working Paper Series
    Vehicle accidents represent an important source of externalities from driving. Using a detailed dataset on accident location and characteristics in Switzerland, we estimate the effect of switching from a 50 km/h speed limit to a 30 km/h limit on the probability of vehicle accident injuries. After an initial country-wide analysis, we exploit the quasi-experimental variation of the timing of introduction of 30 km/h zones in the municipality of Basel, using a difference in differences strategy. We find a significant reduction in accident severity due to lower speed limits, and substantial heterogeneities based on the circumstances of the accident.
  • The impact of policy awareness: Evidence from vehicle choice response to fiscal incentives
    Item type: Report
    Cerruti, Davide; Daminato, Claudio; Filippini, Massimo (2024)
    The impact of policy awareness: Evidence from vehicle choice response to fiscal incentives.
  • The effect of information on market activity; evidence from vehicle recalls
    Item type: Working Paper
    van den Bijgaart, Inge; Cerruti, Davide (2020)
    Economics Working Paper Series
  • The Effect of Information on Market Activity: Evidence from Vehicle Recalls
    Item type: Journal Article
    van den Bijgaart, Inge; Cerruti, Davide (2024)
    The Review of Economics and Statistics
    We evaluate the effect of vehicle recalls on vehicle transactions in the second-hand market. Using a rich dataset of Dutch vehicle registrations, we exploit the quasiexperimental variation in recalls across nearly-identical cars. We find strong heterogeneities across market segments: transactions increased for cars with lower listed price or with defects, and decreased for those with higher price or no defects. Based on our theoretical model, this suggests that recalls increase sorting in low-end markets, yet exacerbate adverse selection in high-end markets. Our results shed light on the effect of information arrival in markets subject to uncertainty and information asymmetries.
Publications 1 - 10 of 17