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Cloé Garnache Profile
Cloé Garnache

@CGarnache

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Research interests in environmental economics, real estate, and household finance. Econ prof @OsloMet, Affiliate @UniOslo, Visiting prof @ETH_en

Oslo, Norway
Joined March 2015
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@CGarnache
Cloé Garnache
1 month
🎧 New podcast episode featuring my paper on the pricing of climate risk in the housing market!. Grateful to @OxfordFrom and @OxfordFORE for the great conversation. #EconTwitter #Research #Podcast.
@OxfordFrom
Martin Schmalz🧘
1 month
How does wildfire risk get priced into real estate? Find out in Ep 2 of The Property Pod (Spotify , YT about a paper by Cloé Garnache (@CGarnache), our @OxfordFORE lecturer. 1/2➡️.#wildfires #realestate
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@CGarnache
Cloé Garnache
2 months
Looking forward to presenting our research at the VATT Institute for Economic Research later this week📊.
@VATT_research
VATT Institute for Economic Research
2 months
VATT seminar Thu May 22: @CGarnache (@OsloMet) discusses their research . Are Asset Prices Sticky? (with Martin Schmalz and Dag Einar Sommervoll). 🕥10.30–11.30 (Economicum). More of Cloé's research:.
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@CGarnache
Cloé Garnache
2 months
10/ Bottom line:.✔️ Road pricing works—but especially for non-BEV drivers.✔️ Combining road pricing with subsidies has limited effects on nudging behavior.✔️ Public support hinges on info, not just experience. 📄 Read the paper:
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@CGarnache
Cloé Garnache
2 months
9/ 🧪 Methodology: we used a field road pricing RCT combined with a survey RCT, DiD estimation, and high-frequency GPS data—capturing shifts across modes and times, including trip location and purpose in unprecedented detail.
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@CGarnache
Cloé Garnache
2 months
8/ This suggests that transparent communication is more effective than pilot exposure in building public support.
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@CGarnache
Cloé Garnache
2 months
7/ 🧠 What drives public support for road pricing? Not just experience. We tested information provision on future expected benefits on congestion and pollution reduction →.✅ Significant boost in support. ❌ Experience alone with the pilot had no significant effect.
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@CGarnache
Cloé Garnache
2 months
6/ 📉 Work-related trips showed little change — possibly due to rigid schedules. Most behavioral adjustments happened in non-work travel.
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@CGarnache
Cloé Garnache
2 months
5/ 🧑‍🤝‍🧑🚶 In a separate treatment, we bundled road pricing with subsidies for walking & cycling. Compared to road pricing alone, this group showed: . → no significant reduction in driving externalities .→ stronger shifts to cycling but not to public transport.
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@CGarnache
Cloé Garnache
2 months
4/ 💡A key insight: drivers of battery-electric vehicles (BEVs) are significantly less responsive to road pricing than non-BEV drivers. Why? May partly be explained by:.→ They face lower charges.→ Higher incomes.→ More likely to drive to work during peak hours.
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@CGarnache
Cloé Garnache
2 months
3/ 🚗 The treatment led to a 5.3% reduction in driving externalities, implying a price elasticity between -0.07 and -0.15. Most of this came from:. → 4.1% fewer kilometers driven. → 2.8% fewer car trips.…mainly during off-peak hours and in urban/suburban areas.
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@CGarnache
Cloé Garnache
2 months
2/ We tested time- and location-specific, distance-based road pricing in Oslo using a smartphone app that tracked about 3,000 drivers (54% of them with battery-electric vehicles) over 700,000 trips. Participants could save money by reducing externalities from driving.
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@CGarnache
Cloé Garnache
2 months
1/ New paper out! .We ran one of the largest randomized controlled trials on distance-based road pricing to study how it affects travel behavior and public support. Here's what we found 👇. 📄 Ciccone, Garnache & Andreassen (CESifo WP No. 11867).
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@CGarnache
Cloé Garnache
6 months
(4/4)Implications for the future:. 1. Demand-side management tools (like CPP) can reduce peak demand and the need for costly infrastructure upgrades.2. Fully electrified homes+EVs can make grids more flexible.3. Higher electrification doesn’t imply rigidity, it offers opportunity.
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@CGarnache
Cloé Garnache
6 months
(3/4) Load shifting:. 3. EV households shift charging to off-peak hours&the next day🚗🔋.4. Non-EV households simply use less during peaks without compensating later. What about equity?. 5. We find similar responses to CPP across income groups, alleviating concerns about fairness
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@CGarnache
Cloé Garnache
6 months
(2/4) We ran a critical peak pricing RCT in Norway—a country with fully electrified homes and a leader in EV adoption. Key results:. 1. A 10x price spike reduces peak electricity use by 15.3%, eliminating the demand peak.2. Households with EVs respond even more to CPP 🚗🔋
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@CGarnache
Cloé Garnache
6 months
Will demand-side management be effective at curbing electricity demand in a future with higher levels of electrification? . Check our study just published in @JaereAere, w/ @ohernaes and @AndersGravir 🏠⚡here. Let’s dive in! (1/4).
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@CGarnache
Cloé Garnache
6 months
RT @JaereAere: 🔌 Just accepted 🔌 in @JaereAere:. "Demand-Side Management in Fully Electrified Homes" by Cloé Garnache (@CGarnache), Øystein….
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@CGarnache
Cloé Garnache
5 years
Is Air Pollution Regulation Too Stringent? The answer in the US seems to clearly be no.
@energyathaas
Energy Institute at Haas
5 years
Is Air Pollution Regulation Too Stringent?
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@CGarnache
Cloé Garnache
5 years
Our new working paper on environmental taxation is out - with Pierre Merel.
@CESifoNetwork
CESifo
5 years
Environmental Policy in General Equilibrium: When the Choice of Numeraire Matters | @CGarnache / Mérel, Pierre |
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@CGarnache
Cloé Garnache
5 years
Consider registering for the UEA 2020 Lectures on Urban Economics
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