Upcoming seminars
TBA at 1 pm
Mats Petter Kahl
(UC3M)
Title: "Public Entry, Announced: How State-Procured Infrastructure Affects Private Investment – Evidence from Germany's Fast-Charging Network "
Abstract: In 2021, Germany announced where it would place about 1,000 subsidized, price-capped fast-charging sites, two to six years before they opened. Would private investors retreat, race to pre-empt the public entrant, or follow it? Combining the government's planning map with 29 archived versions of the federal charging register, I find that the announcement did not deter private investment: at motorway rest areas, where designation is hardest to predict, a loss of more than 0.22 private charging points within 5 km is ruled out. Once public sites opened, public capacity was largely additional, raising total local capacity by 0.74 points per public point (0.90 after adjusting for pre-opening trends). These local estimates do not capture what the contracted operators would have built anyway. A simple model explains the pattern: public entry crowds out private investment only when demand, not the pace of building, limits it.
.
How to attend the seminar:
The seminar will be in-person and streamed on-line.
To receive the seminar invitation with the streaming link, please send an email to teoriahistoriauam@gmail.com
Organisers: Maria Teresa Blazquez Cuesta,Miquel Oliver I Vert, and Damian Pierri