Mestrado Profissional em Economia
URI permanente para esta coleçãohttps://repositorio.insper.edu.br/handle/11224/3240
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Resultados da Pesquisa
Dissertação São Paulo Bus System: Transitioning to Electric Fleet(2024) Pucciarelli, Mateus LeiteThis study analyzes the electrification of São Paulo’s bus fleet through a principal-agent model, addressing the dynamics between concessionaires and the municipal government. Unlike traditional centralized models found in the literature, this method captures the distinct incentives of both parties, offering a more practical basis for public policy design. The analysis evaluates the effectiveness of São Paulo’s current subsidy policy, which covers the price difference between electric and diesel buses, subsidizing approximately 72% of electric bus acquisition costs, comparing it with alternative scenarios of subsidized percentage. The results indicate that the payoff of the current policy is close to the optimal payoff – with 100% subsidy – when compared to the alternative no-subsidy scenario, achieving a value R$ 151 million higher than the no-subsidy scenario and only R$ 13.6 million lower than the optimal case. Sensitivity analyses reveal that municipal budget constraints and externality pricing critically influence policy outcomes. Although the study demonstrates the effectiveness of the approach adopted by São Paulo, investments in the electrical grid infrastructure and supply constraints, which may impact implementation feasibility, were not considered. This research contributes a new methodological perspective to the literature and offers practical insights for urban mobility policymakers