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Registros recuperados: 10
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An Implementable Index of Sustainability and Assessment of Energy Policy AgEcon
Sesmero, Juan P.; Fulginiti, Lilyan E..
Energy is a critical input in production and the main sources of energy in modern economies are exhaustible. Therefore sustaining aggregate consumption across generations requires reduction of the quantity of energy used per unit of output. Energy policies incentivize the deployment of new technologies that will not only increase energy efficiency but also impact the ease with which capital and materials can substitute for energy and hence the ability of societies to sustain consumption. Therefore an assessment of the impact of energy policies on sustainable consumption requires accounting for the link between technological progress and substitutability. We first allow for biased technical change and find that capital augmenting technical change (e.g....
Tipo: Conference Paper or Presentation Palavras-chave: Non-renewable energy; Sustainability; Viability theory; Biased technical change; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/61637
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Chinese Regional Agricultural Productivity: 1994-2005 AgEcon
Tong, Haizhi; Fulginiti, Lilyan E.; Sesmero, Juan P..
Replaced with revised version of paper 07/24/09.
Tipo: Journal Article Palavras-chave: TFP growth; Stochastic production frontier; Malmquist index; Provincial TFP.; Productivity Analysis; O4; O5; Q1.
Ano: 2009 URL: http://purl.umn.edu/51784
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Conservation Needs Assessment: Sustainability with Substitution and Biased Technical Change AgEcon
Sesmero, Juan P.; Fulginiti, Lilyan E..
This study explores the role of rate and biases of technological change in the sustainability of an economy with an exhaustible resource. In order to achieve this goal, the mathematical concept of viability kernel is introduced as a sustainability indicator and necessary conditions for sustainability are completely depicted in terms of technological parameters. The literature has historically assumed substitutability between human capital and natural resources and technological progress that is neutral in terms of relative input productivity and minimum efficient scale of production. Both assumptions have been widely criticized given the patterns of technological change and substitution observed empirically. Hence the theoretical contribution developed...
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/6486
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Economic and Marketing Efficiency Among Corn Ethanol Plants AgEcon
Sesmero, Juan P.; Perrik, Richard K.; Fulginiti, Lilyan E..
In the corn ethanol industry, the ability of plants to obtain favorable prices through marketing decisions is considered important for their overall economic performance. Based on a panel of surveyed of ethanol plants we extend data envelopment analysis (DEA) to decompose the economic efficiency of plants into conventional sources (technical and allocative efficiency) and a new component we call marketing efficiency. The latter measure allows us to evaluate plants’ ability to contract favorable prices of corn and ethanol relative to spot market prices and its implications for their overall economic performance. Results show that plants are very efficient from a technical point of view. Dispersion in overall economic performance observed across units is...
Tipo: Conference Paper or Presentation Palavras-chave: Corn ethanol; Data envelopment analysis; Economic efficiency decomposition; Marketing efficiency; Mergers; Environmental Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/101001
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Economic and Marketing Efficiency Among Corn Ethanol Plants AgEcon
Sesmero, Juan P.; Perrin, Richard K.; Fulginiti, Lilyan E..
We extend data envelopment analysis (DEA) to decompose the economic efficiency of a sample of ethanol plants into internal (technical and allocative) and boundary (marketing) sources. This decomposition allows us to evaluate the channels through which different plant characteristics affect plant performance. Results show that plants are very efficient from a technical point of view. Plants with higher production volumes seem to perform better not because of economies of scale but because they can secure more favorable prices (higher marketing efficiency) and execute production plans accordingly (higher allocative efficiency). This may rationalize the increase in the size of the average plant observed in the industry in recent years despite evidence of...
Tipo: Conference Paper or Presentation Palavras-chave: Corn ethanol; Data envelopment analysis; Economic efficiency decomposition; Marketing efficiency; Mergers; Crop Production/Industries; Marketing; Production Economics.
Ano: 2011 URL: http://purl.umn.edu/100709
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Economic Efficiency of Ethanol Plants in the US North Central Region AgEcon
Sesmero, Juan P.; Perrin, Richard K.; Fulginiti, Lilyan E..
In this study we use data envelopment analysis to decompose the overall economic efficiency of a sample of ethanol plants into three subcomponents: technical efficiency, allocative efficiency and a new component we call marketing efficiency. The relative importance of these sources of efficiency is of particular interest given the recent history of bankruptcies, plant closings and ownership change in the industry. Results reveal that observed production units are very efficient from a technical point of view as suggested by a standard deviation of 1% in technical efficiency. However, our results also show that bigger plants tend to be more economically efficient than others. The conventional methodology would have identified this difference as coming from...
Tipo: Conference Paper or Presentation Palavras-chave: Ethanol; Data envelopment analysis; Efficiency decomposition; Marketing efficiency; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/61639
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Effectiveness of Trade Sanctions as an Enforcement Mechanism in Greenhouse Gas Mitigation Agreements in Agriculture and Forestry AgEcon
Irfanoglu, Zeynep Burcu; Sesmero, Juan P..
This study explores the conditions under which a trade sanction can be an effective enforcement mechanism used by the US against China in global greenhouse (GHG) mitigation in agriculture and forestry. The problem has the structure of prisoner’s dilemma and hence both the US and China have incentive to free-ride in GHG emissions abatement. It is found that if the US joined the rest of the world (ROW) in emissions abatement in agriculture and forestry, the US could also convince China to comply with abatement using trade sanctions. In this study, trade sanctions are considered as a deterrent to free-riding. For threats of trade sanctions to become a viable enforcement mechanism tariff rates have to achieve two conditions defined in this study: credibility...
Tipo: Conference Paper or Presentation Palavras-chave: Trade Sanctions; Greenhouse Gas Mitigation; Multilateral Environment Agreements; Computable General Equilibrium Model; Environmental Economics and Policy; International Relations/Trade; Land Economics/Use.
Ano: 2011 URL: http://purl.umn.edu/103869
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Efficiency of New Ethanol Plants in the U.S. North-Central Region AgEcon
Sesmero, Juan P.; Perrin, Richard K.; Fulginiti, Lilyan E..
Replaced with revised version of paper 07/29/09.
Tipo: Conference Paper or Presentation Palavras-chave: Ethanol; Efficiency; DEA; Production Economics; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/49438
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Environmental Efficiency Among Corn Ethanol Plants AgEcon
Sesmero, Juan P.; Perrin, Richard K.; Fulginiti, Lilyan E..
Economic viability of the US corn ethanol industry depends on prices, technical and economic efficiency of plants and on continuation of policy support. Public policy support is tied to the environmental efficiency of plants measured as their impact on emissions of greenhouse gases. This study evaluates the environmental efficiency of seven recently constructed ethanol plants in the North Central region of the U.S., using nonparametric data envelopment analysis (DEA). The minimum level of GHG emissions feasible with the available technology is calculated for each plant and this level is used to decompose environmental efficiency into its technical and allocative sources. Results show that, on average, plants in our sample may be able to reduce GHG...
Tipo: Conference Paper or Presentation Palavras-chave: Ethanol; Data envelopment analysis; Life-cycle emissions; Environmental efficiency; Shadow prices; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/61650
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Sustainability of Corn Stover Harvest for Biomass AgEcon
Sesmero, Juan P..
Off-farm demand for crop residues is expected to grow as bioenergy policies become effective. Demand for residues will provide farmers with an additional source of revenue but it may also trigger losses in soil organic carbon and increases in fertilizer application. This study develops a dynamic economic model of stover harvest that permits conceptualization and quantification of these potential tradeoffs. We parameterize our model based on publicly available studies of soil biophysical relationships in the Corn Belt. Under these parameter values and 2010 corn and fertilizer prices harvesting stover is not economically convenient at prices below $53 per dry ton of stover. Results suggest that the rate of stover harvest may be quite sensitive and negatively...
Tipo: Conference Paper or Presentation Palavras-chave: Stover supply; Biomass; Soil productivity; Soil organic carbon; Nitrogen; Environmental Economics and Policy; Farm Management; Land Economics/Use; Resource /Energy Economics and Policy; C61; Q12; Q24; Q42; Q53.
Ano: 2011 URL: http://purl.umn.edu/103765
Registros recuperados: 10
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