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Registros recuperados: 122
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Supply Chains for Emerging Renewable Polymers: Analysis of Interactive Sectors and Complementary Assets AgEcon
Sporleder, Thomas L.; Goldsmith, Peter D.; Cordier, Jean; Godin, Philippe.
www.ifama.org
Tipo: Journal Article Palavras-chave: Supply chains; Renewables; Economics of biobased industrial markets; Complementary assets; Agribusiness; Agricultural Finance; Demand and Price Analysis; Financial Economics; Production Economics; Q10; Q27; Q42; Q47.
Ano: 2011 URL: http://purl.umn.edu/103985
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The Implications of Alternative Biofuel Policies on Carbon Leakage AgEcon
Drabik, Dusan; de Gorter, Harry; Just, David R..
We show carbon leakage depends on the type of biofuel policy (tax credit versus mandate), the domestic and foreign gasoline supply and fuel demand elasticities, and on consumption and production shares of world oil markets for the country introducing the biofuel policy. The components of carbon leakage – market leakage and emissions savings – are counteracting: carbon leakage increases with market leakage but decreases with emissions savings. We also distinguish domestic and international leakage where the latter is always positive, but domestic leakage can be negative with a mandate. The IPCC definition of leakage omits domestic leakage, resulting in biased estimates. Leakage with a tax credit always exceeds that of a mandate, while the combination of a...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Tax credit; Mandate; Market leakage; Carbon leakage; Emissions savings; Domestic leakage; Resource /Energy Economics and Policy; Q27; Q41; Q42; Q54.
Ano: 2011 URL: http://purl.umn.edu/114432
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Governance Issues in the Principal-Agent Framework: Producing Cellulosic Ethanol in Michigan AgEcon
Pandey, Vivek; Shanoyan, Aleksan; Ross, Brent.
This article analyzes the incentives and compensation problems faced by cellulosic ethanol producer and logging firms and the consequent impact on the organization of the wood based cellulosic ethanol industry in the US. The success of this relationship is central to setting up the biofuel industry in Michigan and in the US at large. The theoretical results indicate that specification contract under the principal-agent framework is of limited utility due to’ metering’ problem when the principal contracts with multiple agents for the supply of feedstock.. Alternative arrangements including JVs have the potential to provide close to first best solutions.
Tipo: Conference Paper or Presentation Palavras-chave: Principal-Agent; Cellulosic Ethanol; Michigan; Multiple agents; Asymmetric Information; Agribusiness; Institutional and Behavioral Economics; Resource /Energy Economics and Policy; D82; D86; L23; L24; Q42.
Ano: 2010 URL: http://purl.umn.edu/61362
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Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix AgEcon
Di Corato, Luca; Moretto, Michele.
In a continuous-time framework we study the technology and investment choice problem of a continuous co-digestion biogas plant dealing with randomly fluctuating relative convenience of input factor costs. Input factors enter into the productive process together mixed according to a given initial rule. Being inputs relative convenience stochastically evolving, a successive revision of the initial rule may be desirable. Hence, when the venture starts the manager may or may not install a flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved determining in the light of future prospects the optimal revision and then playing backward fixing the investment timing rule.
Tipo: Working or Discussion Paper Palavras-chave: Factor Proportions; Technological Choice; Flexibility; Real Options; Alternative Energy Source; Environmental Economics and Policy; C61; D24; Q42.
Ano: 2009 URL: http://purl.umn.edu/55283
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Land Use Implications of Expanding Biofuel Demand AgEcon
Dicks, Michael R.; Campiche, Jody L.; Torre Ugarte, Daniel de la; Hellwinckel, Chad M.; Bryant, Henry L.; Richardson, James W..
The Renewable Fuel Standard mandates in the Energy Independence and Security Act of 2007 will require 36 billion gallons of ethanol to be produced in 2022. The mandates require that 16 of the 36 billion gallons must be produced from cellulosic feedstocks. The potential land use implications resulting from these mandates were examined using two methods, the POLYSYS model and a general equilibrium model. Results of the POLYSYS analysis indicated that 72.1 million tons of corn stover, 23.5 million tons of wheat straw, and 24.7 million acres would be used to produce 109 million tons of switchgrass in 2025 to meet the mandate. Results of the CGE analysis indicated that 10.9 billion bushels of corn grain, 71 million tons of corn stover, and 56,200 tons of...
Tipo: Journal Article Palavras-chave: Cellulosic ethanol; Corn stover; Grain ethanol; Renewable fuel standard; Switchgrass; Crop Production/Industries; Demand and Price Analysis; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; Q15; Q42.
Ano: 2009 URL: http://purl.umn.edu/53091
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EPA MANDATE WAIVERS CREATE NEW UNCERTAINTIES IN BIODIESEL MARKETS AgEcon
Thompson, Wyatt; Meyer, Seth D..
Tipo: Journal Article Palavras-chave: Biodiesel; Biofuel Mandate; Waivers; Resource /Energy Economics and Policy; Q11; Q16; Q42; Q48.
Ano: 2011 URL: http://purl.umn.edu/109485
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Optimal Switchgrass Harvest Strategies Accounting for Yield and Nitrogen Requirement Differences by Month of Harvest AgEcon
Haque, Mohua; Epplin, Francis M..
Extending switchgrass harvest over many months would require a smaller investment in harvest machines, but would result in a lower average harvestable yield per acre and would require more nitrogen fertilizer, less land for storage, and more land for growing switchgrass. A model was constructed and solved to determine the optimal strategy.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuel; Cellulosic; Ethanol; Harvest; Mathematical programming; Nitrogen; Switchgrass; Crop Production/Industries; Resource /Energy Economics and Policy; Q10; Q42.
Ano: 2010 URL: http://purl.umn.edu/56435
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A Theory of Dynamic Biofuel Tax Credit AgEcon
Ye, Fanglin; Lu, Liang; Du, Xiaoxue.
In this paper, we set up a social cost minimization problem for a government. Using dynamic optimization tools, we analytically shows how exogenous parameters could affect the optimal social cost and the optimal tax credit policy path.
Tipo: Presentation Palavras-chave: Optimal Control; Biofuel; Tax Credit; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q42; Q48.
Ano: 2012 URL: http://purl.umn.edu/123750
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Economic Aspects of Wind Power Generation in Developing Countries AgEcon
van Kooten, G. Cornelis; Wong, Linda.
Power interruptions are a typical characteristic of national grids in developing countries. Manufacturing, processing, refrigeration and other facilities that require a dependable supply of power, and might be considered a small grid within the larger national grid, employ diesel generators for backup. In this study, we develop a stochastic simulation model of a very small grid connected to an unreliable national grid to show that the introduction of wind generated power can, despite its intermittency, reduce costs significantly. For a small grid with a peak load of 2.85 MW and diesel generating capacity of 3.75 MW provided by two diesel generators, the savings from using wind energy (based on wind data for Mekelle, Ethiopia) can amount to over a million...
Tipo: Working or Discussion Paper Palavras-chave: Wind energy and development; Stochastic simulation of electricity grids; Economic savings from wind power; Environmental Economics and Policy; International Development; Resource /Energy Economics and Policy; Q42.
Ano: 2009 URL: http://purl.umn.edu/54706
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The Economy-wide Greenhouse Gas Impacts of the Biofuels Boom (or Bust) AgEcon
Birur, Dileep K.; Golub, Alla A.; Hertel, Thomas W.; Rose, Steven K..
Several studies in the recent past have offered a contrasting and wide range of perspectives on economic and environmental implications of biofuels. In this study we develop a comprehensive and consistent framework for analyzing the global economic interactions and the direct and indirect impacts of biofuels production on greenhouse gas (GHG) emissions. We utilize a global Computable General Equilibrium (CGE) model which consists of interaction of energy commodities with explicit biofuels and their by-product sectors, land endowment classified by agro-ecological zones, and emission of four major GHGs - carbon dioxide, methane, nitrous oxide, fluorinated gases from agricultural and economic activities, including emissions associated with biofuel feedstock,...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Renewable Energy; Computable General Equilibrium (CGE); Agro Ecological Zones (AEZs); Land use change; Greenhouse Gas Emission.; Environmental Economics and Policy; International Relations/Trade; Land Economics/Use; Resource /Energy Economics and Policy; C68; Q18; Q42; R14.
Ano: 2009 URL: http://purl.umn.edu/49473
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Conditions Necessary for Private Investment in the Ethanol Industry AgEcon
Kenkel, Philip L.; Holcomb, Rodney B..
While agricultural economics literature has become rife with the economics of ethanol production and cellulosic ethanol feedstock production, little has been written about capital investment necessary for the magnitude of industry development mandated by the Energy Security and Independence Act of 2007. Financing the development of the ethanol industry to meet the 36 billion gallon production capacity set for 2022 (with 16 billion gallons from cellulosic ethanol) will require capital investments exceeding $100 billion for production facilities, plus extensive investment in feedstock establishment and transportation/handling infrastructure. Federal support associated with political mandates does not address all of the financial issues related with the...
Tipo: Journal Article Palavras-chave: Biofuel policy; Cellulosic ethanol; Industry legitimacy; Private investment; Agribusiness; Agricultural Finance; Crop Production/Industries; Resource /Energy Economics and Policy; Q13; Q42; Q43; Q48.
Ano: 2009 URL: http://purl.umn.edu/53092
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The French Biodiesel Production: An Assessment of the Impacts and Interaction Effects of Policy Instruments AgEcon
Doumax, Virginie.
Replaced with revised version of paper 07/18/10.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Blend mandate; Subsidy; Social costs; Agricultural and Food Policy; Resource /Energy Economics and Policy; H23; Q41; Q42; Q48.
Ano: 2010 URL: http://purl.umn.edu/61698
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Policies to Facilitate Conversion of Millions of Acres to the Production of Biofuel Feedstock AgEcon
Epplin, Francis M.; Haque, Mohua.
First-generation grain ethanol biofuel has affected the historical excess capacity problem in U.S. agriculture. Second-generation cellulosic ethanol biofuel has had difficulty achieving cost-competitiveness. Third-generation drop-in biofuels are under development. If lignocellulosic biomass from perennial grasses becomes the feedstock of choice for second- and third-generation biorefineries, an integrated system could evolve in which a biorefinery directly manages feedstock production, harvest, storage, and delivery. Modeling was conducted to determine the potential economic benefits from an integrated system. Relatively low-cost public policies that could be implemented to facilitate economic efficiency are proposed.
Tipo: Journal Article Palavras-chave: Biomass; Bio-oil; Cellulosic; Drop-in fuels; Ethanol; Land-lease contract; Lignocellulosic; Pyrolysis; Switchgrass; Resource /Energy Economics and Policy; Q16; Q18; Q15; Q42.
Ano: 2011 URL: http://purl.umn.edu/113532
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Biological Carbon Sinks: Transaction Costs and Governance AgEcon
van Kooten, G. Cornelis.
Activities that remove CO2 from the atmosphere and store it in forest and agricultural ecosystems can generate CO2-offset credits that can thus substitute for CO2 emissions reduction. Are biological CO2-uptake activities competitive with CO2 offsets from reduced fossil fuel use? In this paper, it is argued that transaction costs impose a formidable obstacle to direct substitution of carbon uptake offsets for emissions reduction in trading schemes, and that separate caps should be set for emissions reduction and sink-related activities. While a tax/subsidy scheme is preferred to emissions trading for incorporating biologically-generated CO2 offsets, contracts that focus on the activity and not the amount of carbon sequestered are most likely to lead to the...
Tipo: Working or Discussion Paper Palavras-chave: Carbon sequestration; Transaction costs; Climate change; Environmental Economics and Policy; Land Economics/Use; Q54; Q23; Q42; H23; D23.
Ano: 2008 URL: http://purl.umn.edu/45505
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Ambiguous Aggregation of Expert Opinions: The Case of Optimal R&D Investment AgEcon
Athanassoglou, Stergios; Bosetti, Valentina; Maere d'Aertrycke, Gauthier de.
How should a decision-maker allocate R&D funds when a group of experts provides divergent estimates on a technology's potential effectiveness? To address this question, we propose a simple decision-theoretic framework that takes into account ambiguity over the aggregation of expert opinion and a decision-maker's attitude towards it. In line with the paper's focus on R&D investment, decision variables in our model may affect experts' subjective probability distributions of the future potential of a technology. Using results from convex optimization, we are able to establish a number of analytical results including a closed-form expression of our model's value function, as well as a thorough investigation of its differentiability properties. We apply...
Tipo: Working Paper Palavras-chave: Ambiguity; Expert Opinions; R&D; Convex/Conic Optimization; Aggregation; Research and Development/Tech Change/Emerging Technologies; C61; D81; Q42.
Ano: 2012 URL: http://purl.umn.edu/121719
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Impacts of Expanded Ethanol Production on Southern Agriculture AgEcon
Susanto, Dwi; Rosson, C. Parr, III; Hudson, Darren.
This study analyzes the potential impacts of expanded ethanol production on southern agriculture. Results of regression analysis suggest that acreage planted for field crops (corn, cotton, soybeans, and wheat) is inelastic with respect to relative prices. The results provide statistical evidence of potential significant acreage shifts favoring corn over cotton, soybeans, and wheat. Simulations indicate that higher corn prices will increase corn acreage, but the South continues to be a deficit corn region. U.S. corn production is capable of supplying domestic demand for ethanol, feed for livestock and poultry, and other uses, while maintaining exports at more than 2 billion bushels annually.
Tipo: Journal Article Palavras-chave: Acreage shifts; Corn exports; Ethanol production; Southern agriculture; Agribusiness; Environmental Economics and Policy; Production Economics; Research and Development/Tech Change/Emerging Technologies; Q11; Q42.
Ano: 2008 URL: http://purl.umn.edu/47200
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The Emergence of an Agro-Energy Sector: Is Agriculture Importing Instability from the Oil Sector? AgEcon
Muhammad, Andrew; Kebede, Ellene.
Tipo: Journal Article Palavras-chave: Corn; Oil; Ethanol; Biofuels; Prices; Agribusiness; Q11; Q42; Q48.
Ano: 2008 URL: http://purl.umn.edu/94695
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Interdependencies in the Energy-Bioenergy-Food Price Systems: A Cointegration Analysis AgEcon
Ciaian, Pavel; Kancs, d'Artis.
The present paper examines a long-run relationship between the energy, bioenergy and food prices. In the recent years the bioenergy production has increased significantly around the world. The increase has been driven by rising energy prices as well as by environmental policies aiming at reducing the harmful effects of conventional sources of energy, such as climate change. Bioenergy, in turn, affects agricultural markets, because it uses agricultural commodities as inputs. The theoretical model we develop predicts that, because of price inelastic food demand, the agricultural price increase may be substantial. The empirical findings confirm the theoretical hypothesis that energy prices do affect prices of agricultural commodities. However, the...
Tipo: Conference Paper or Presentation Palavras-chave: Energy; Bioenergy; Crude oil; Renewable fuel; Cointegration; Agricultural and Food Policy; Demand and Price Analysis; International Development; Resource /Energy Economics and Policy; C14; C22; C51; Q11; Q13; Q42.
Ano: 2010 URL: http://purl.umn.edu/61009
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Macro Economic Impacts of Installing Rice Husk Electricity Power Plants in Thailand AgEcon
Kunimitsu, Yoji; Ueda, Tatsuki.
Macro economic impacts of rice-husk power plants (RHPP) in Thailand were analyzed by an Input/Output method. Results show that RHPP decreased sensitivity coefficients especially in the petroleum-sector, economic merits were realized in the agricultural-sector but total induced production effects were lowered, and induced imports by consumption were reduced with RHPP.
Tipo: Conference Paper or Presentation Palavras-chave: I/O analysis; Sensitivity coefficient; Oil price; Biomass resource use; Crop Production/Industries; C67; O13; Q20; Q42; Q43.
Ano: 2006 URL: http://purl.umn.edu/35257
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Modeling Linkages Between Climate Policy and Land Use: An Overview AgEcon
van der Werf, Edwin; Peterson, Sonja.
Agriculture and forestry play an important role in emitting and storing greenhouse gases. For an efficient and cost-effective climate policy it is therefore important to explicitly include land use, land use change, and forestry (LULUCF) in economy-climate models. This paper gives an overview and assessment of existing approaches to include land use, land-use change, and forestry into climate-economy models or to link economy-climate models to land-use models.
Tipo: Working or Discussion Paper Palavras-chave: Climate Change; Climate Policy; Modeling; Land Use; Environmental Economics and Policy; Land Economics/Use; Q23; Q24; Q25; Q42.
Ano: 2007 URL: http://purl.umn.edu/9545
Registros recuperados: 122
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