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Registros recuperados: 143
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Fundamental Economics of Depletable Energy Supply AgEcon
Krautkraemer, Jeffrey A.; Toman, Michael.
In this paper, we first present and discuss the basic logic underlying all neoclassical economic theories of "optimal" energy supply: maximization of the present value of some stream of economic returns. We then discuss how the economic theory of optimal resource depletion has evolved since Hotelling's classic 1931 article. We also consider the power of the theory to support improved empirical understanding of actual behavior. Our discussion of empirical literature indicates that this work has so far provided only limited empirical understanding.
Tipo: Working or Discussion Paper Palavras-chave: Depletable resources; Energy; Intertemporal optimization; Resource /Energy Economics and Policy; Q4.
Ano: 2003 URL: http://purl.umn.edu/10842
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Avaliação da viabilidade técnica e econômica da utilização de biomassas como fonte energética alternativa em fornos industriais AgEcon
Lima, Lilian Maluf de; Oliveira, Ana Maria Kefalas; Carletti, Paulo de Tarso Filho; Ferrari, Renata Cristina; Caixeta, Jose Vicente Filho.
This study, conducted along the year 2003, was held in the environment of a cement company plant located in the São Paulo State. That industry has used carbon black as predominant energetic source which besides resulting a huge emission of gases (CO and CO2) into the atmosphere, has been more expensive than some other alternatives of biomass sources. Taking into consideration the location of that plant, there was a large supply of available biomass to be used as alternative fuel for industrial ovens. Several biomasses were analyzed and it was concluded that the sugar cane bagasse and residues of wood (sawdust and woodchips) were the most appropriate alternatives to such an industry.
Tipo: Journal Article Palavras-chave: Biomass; Energy; Transport; Optimization; Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/55310
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A Study Evaluation Model and Index System of Industrial Resource and Energy Consumption in Small Towns AgEcon
Tong-sheng, Zhang.
Based on the principles of hierarchy, representativeness, operability and completeness, 10 indices are selected from 3 aspects of resource consumption, energy consumption and environmental emissions during small town development. Comprehensive evaluation index system for industrial source-energy saving and pollution reducing in small towns in constructed. According to the fuzzy mathematical method, qualitative calculation model of two-level hierarchical structure is constructed. Among them, the first-level model focuses on each specific evaluation index. It calculates the membership degree of region to resource-energy and pollution reducing in evaluation index set, and sorts the calculation results. The second-level model focuses on the first-level...
Tipo: Journal Article Palavras-chave: Small towns; Resource; Energy; Energy saving; Pollution reducing; China; Agribusiness.
Ano: 2010 URL: http://purl.umn.edu/93239
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Choice of optimum feedstock portfolio for a cellulosic ethanol plant – A dynamic linear programming solution AgEcon
Kumarappan, Subbu; Ivanic, Rasto.
When the lignocellulosic biofuels industry reaches maturity and many types of biomass sources become economically viable, management of multiple feedstock supplies – that vary in their yields, density (tons per unit area), harvest window, storage and seasonal costs, storage losses, transport distance to the production plant – will become increasingly important for the success of individual enterprises. The manager’s feedstock procurement problem is modeled as a multi-period sequence problem to account for dynamic management over time. The case is illustrated with a hypothetical 53 million annual US gallon cellulosic ethanol plant located in south west Kansas that requires approximately 700,000 metric dry tons of biomass. The problem is framed over 40...
Tipo: Conference Paper or Presentation Palavras-chave: Cellulosic ethanol; Feedstock; Switchgrass; Miscanthus; Corn stover; Optimization; Biofuels; Biomass; Energy; Renewable; Agribusiness.
Ano: 2009 URL: http://purl.umn.edu/49407
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Energy and Chemicals from Native Grasses: Production, Transportation and Processing Technologies Considered in the Northern Great Plains AgEcon
Tiffany, Douglas G.; Jordan, Brendan; Dietrich, Erin; Vargo-Daggett, Becca.
Production of biomass from native prairie species offers the opportunity to produce energy and chemicals while providing substantial ecological services in the Northern Great Plains. This paper analyzes the application of rapid pyrolysis to produce bio-oil, which has the potential for use as a low-grade fuel oil or as a source for extraction of valuable chemicals. Yields of bio-oil, the quantities of extractable chemicals, and chemical prices drive the economics of this concept, which has a more extensive track record utilizing wood chips. A spreadsheet model was developed to determine gross margins available to defray costs to extract and refine such chemical products as hydroxyacetaldehyde, phenol, formic acid, acetic acid and various resins....
Tipo: Working or Discussion Paper Palavras-chave: Prairie grasses; Pyrolysis; Economics; Chemicals; Energy; Bio-oil; Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/13838
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The effect of biofuel on the international oil market AgEcon
Hochman, Gal; Rajagopal, Deepak; Zilberman, David.
This paper derives a method to quantify the impact of biofuel on fuel markets, assuming that these markets are dominated by cartel of oil-rich countries, and that prices in these countries are set to maximize the sum of domestic consumer and producer surplus, leading to a wedge between domestic and international fuel prices. We model this behavior by applying the optimal export tax model (henceforth, the cartel-of-nations model) to the fuel markets. Using data from 2007 to calibrate the model, we show that the introduction of biofuels reduces global fossil fuel consumption and international fuel prices by about 1% and 2%, respectively. We identify large differences between the effects of introducing biofuels using the cartel-of-nations model, in contrast...
Tipo: Working or Discussion Paper Palavras-chave: Energy; OPEC; Biofuel; Fuel; Carbon savings; Optimal export tax model; Cheap oil; International Relations/Trade; Resource /Energy Economics and Policy; F1; Q4.
Ano: 2010 URL: http://purl.umn.edu/59170
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Improving performance and financial viability of irrigation systems in India and China AgEcon
International Water Management Institute (IWMI).
China and India face similar challenges in managing their irrigation economies. Both are developing nations with large agricultural populations, high population densities and a high proportion of agriculture under irrigation. Both are facing challenges in financing existing irrigation systems in the face of broader economic reforms. And in both countries, groundwater provides a particular challenge since it is a major source of irrigation, but with accelerating declines in both quantity and quality. Problems in financing surface irrigation systems, worries about continued groundwater table declines along with cost implications for both farmers and the energy industry, and a range of other issues have raised serious concerns over the future sustainability...
Tipo: Report Palavras-chave: Irrigation systems; Groundwater irrigation; Energy; Cost recovery; Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/113015
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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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Modeling International Trends in Energy Efficiency and Carbon Emissions AgEcon
Stern, David I..
This study uses a stochastic production frontier to model energy efficiency trends, in 85 countries over a 37 year period. No structure is imposed on technological change over time, although differences in technology level across the countries are modelled as a stochastic function of explanatory variables. These variables are selected by a literature survey and a theoretical model of energy-efficient technology choice. An improvement in a country’s energy efficiency is measured as a reduction in energy intensity, while holding constant that economy’s mix of inputs and outputs. All other things remaining constant, the country using the least energy per unit output is on the global best-practice frontier. The model is used to derive decompositions of...
Tipo: Report Palavras-chave: Energy; Efficiency; Carbon; Emissions; Technological change; Between estimator; Environmental Economics and Policy; Resource /Energy Economics and Policy; O13; O33; O47; Q43; Q54; Q55; Q56.
Ano: 2010 URL: http://purl.umn.edu/94950
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Integrated Management of the Blue Nile Basin in Ethiopia: Hydropower and Irrigation Modeling AgEcon
Block, Paul J..
Ethiopia is at a critical crossroads with a large and increasing population, a depressed national economy, insufficient agricultural production, and a low number of developed energy sources. The upper Blue Nile basin harbors considerable untapped potential for irrigation and hydropower development and expansion. Numerous hydrologic models have been developed to assess hydropower and agricultural irrigation potential within the basin, yet often fail to adequately address critical aspects, including the transient stages of large-scale reservoirs, relevant flow retention policies and associated downstream ramifications, and the implications of stochastic modeling of variable climate and climate change. A hydrologic model with dynamic climate capabilities is...
Tipo: Working or Discussion Paper Palavras-chave: Ethiopia; Dams; Water resources development; Hydrologic model; Energy; Climate variability; Climate change; Resource /Energy Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/42413
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Household Energy Demand and the Equity and Efficiency Aspects of Subsidy Reform in Indonesia AgEcon
Olivia, Susan; Gibson, John.
The proper design of price interventions requires consideration of equity and efficiency effects. In this paper, budget survey data from 29,000 Indonesian households are used to estimate a demand system for five energy sources, which is identified by the spatial variation in unit values (expenditures divided by quantities). We correct for the various quality and measurement error biases that result when unit values are used as proxies for market prices. The price elasticities are combined with tax and subsidy rates to calculate the marginal social cost of price changes for each item. The results suggest that even at high levels of inequality aversion there is a strong case for reducing the large subsidies on gasoline and kerosene, supporting the reforms...
Tipo: Conference Paper or Presentation Palavras-chave: Demand elasticities; Energy; Fuels; Subsidies; Unit Values; Resource /Energy Economics and Policy; D12; Q31.
Ano: 2006 URL: http://purl.umn.edu/25745
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The Effect of Increased Energy Prices on Agriculture: A Differential Supply Approach AgEcon
Moss, Charles B.; Livanis, Grigorios T.; Schmitz, Andrew.
The increase in energy prices between 2004 and 2007 has several potential consequences for aggregate agriculture in the U.S. We estimate the derived input demand elasticities for energy as well as capital, labor, and materials using the differential supply formulation. Given that the derived input demand for energy is inelastic, it is more price-responsive than the other inputs. The results also indicate that the U.S. aggregate agricultural supply function is responsive to energy prices.
Tipo: Journal Article Palavras-chave: Differential input demand; Concavity constrained; Energy; Agribusiness; Agricultural Finance; Demand and Price Analysis; Financial Economics; Industrial Organization; Labor and Human Capital; Land Economics/Use; Marketing; Production Economics; Productivity Analysis; Research Methods/ Statistical Methods; C30; Q11; Q42.
Ano: 2010 URL: http://purl.umn.edu/100514
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ALTERNATIVAS PARA A GERAÇÃO DE ENERGIA RENOVÁVEL NO BRASIL: A OPÇÃO PELA BIOMASSA AgEcon
Marconato, Mariane Silva; Santini, Giuliana Aparecida.
Durante muito tempo, os recursos fósseis e hídricos foram os grandes propulsores da civilização e da economia. O Brasil também se apoiou nessas fontes energéticas para o desenvolvimento de atividades industriais, agrícolas, de serviços e da própria sociedade. Entretanto, vive-se hoje uma crise no abastecimento energético, em função da problemática geopolítica, econômica e ambiental em torno da extração e comercialização desses recursos, uma vez que possuem ainda, caráter não renovável, portanto, finito na natureza. Os escassos investimentos governamentais e a abertura econômica do setor energético resultou no fim do monopólio energético, o que favoreceu a implantação de sistemas alternativos, na maioria, advindos da biomassa. Dentre esses, destaca-se a...
Tipo: Conference Paper or Presentation Palavras-chave: Energia; Fóssil; Hídrico; Renovável; Biomassa; Energy; Fossil; Water; Renewable; Biomass; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/112629
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The Future of Renewable Electricity in Australia AgEcon
Buckman, Greg; Diesendorf, Mark.
If long-term greenhouse gas emissions in Australia are to be reduced, renewable energy is likely to be critical. This is particularly so if deep cuts are eventually implemented. Current government policies ( including emissions trading and electricity, the feed-in tariffs announced in 2008), are likely to have only modest impacts on renewable electricity generation in Australia at least until 2020. Australia’s renewable electricity base will remain narrow with little solar technologies’ contribution before 2020. This will not provide an adequate basis for delivering long-term deep cuts to Australia’s greenhouse emissions nor for achieving major greenhouse gas emission reductions at least cost. The future of Australia’s renewable electricity rests mainly...
Tipo: Report Palavras-chave: Renewable electricity; Energy; Greenhouse emissions; Emissions trading; Renewable portfolio standard; Feed-in tariff.; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/94879
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Examining the Evolving Correspondence Between Petroleum Prices and Agricultural Commodity Prices AgEcon
Campiche, Jody L.; Bryant, Henry L.; Richardson, James W.; Outlaw, Joe L..
Over the last few years, the production of renewable fuels has increased dramatically. Rising oil prices, limited supplies of fossil fuel, and increased concerns about global warming have created a growing demand for renewable energy sources. Both the ethanol and biodiesel industries have experienced tremendous growth in the past few years. The production of these fuels is highly dependent on the availability of agricultural feedstocks. This research examined the covariability between crude oil prices and corn, sorghum, sugar, soybeans, soybean oil, and palm oil prices during the 2003-2007 time period. Johansen cointegration tests revealed no cointegrating relationships during the 2003-2005 time frame. However, corn prices and soybean prices were...
Tipo: Conference Paper or Presentation Palavras-chave: Energy; Ethanol; Biodiesel; Renewable fuels; Crude oil prices; Cointegration; Demand and Price Analysis; Q11; Q13; Q42.
Ano: 2007 URL: http://purl.umn.edu/9881
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Interfuel Substitution: A Meta-Analysis AgEcon
Stern, David I..
Interfuel substitutability has been of longstanding interest to energy economists and policy makers. However, there has been no quantitative meta-analysis of this literature. This research report fills this gap by analysing a broad sample of studies of interfuel substitution in the industrial sector, manufacturing industry or sub-industries, and macro-economy of a variety of developed and developing economies. The primary study sample size has been included in the meta-regression to control for publication bias. At the industrial level, results for the shadow elasticities of substitution between coal, oil, gas, and electricity for forty-six primary studies show that, except for gas-electricity and coal-electricity, there are easy substitution...
Tipo: Report Palavras-chave: Meta-analysis; Energy; Substitution; Elasticity; Interfuel; Environmental Economics and Policy; Resource /Energy Economics and Policy; D24; Q40.
Ano: 2009 URL: http://purl.umn.edu/94882
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Environmental Security and its Implications for China’s Foreign Relations AgEcon
Mochizuki, Junko; Zhang, ZhongXiang.
China’s emerging standing in the world demands a major rethinking of its diplomatic strategies. Given its population size, geographical scale, economic power and military presence, China is poised to play a larger political role in the twenty-first century, and is thus perceived by the international community to have greater capacities, capabilities and responsibilities. At the same time, environmental stresses caused by China’s energy and resources demands have become increasingly evident in recent years, urging China to cultivate delicate diplomatic relations with its neighbors and strategic partners. Tensions have been seen in areas such as transboundary air pollution, cross-border water resources management and resources exploitation, and more recently...
Tipo: Working or Discussion Paper Palavras-chave: Acid Rain; Climate Change; Energy; Environmental Security; Transboundary Air Pollution; Water Resource Management; Asia; Environmental Economics and Policy; Q25; Q34; Q48; Q42; Q53; Q54; Q56; Q58; O13; P28.
Ano: 2011 URL: http://purl.umn.edu/102508
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Energy efficiency, innovation, and job creation in California AgEcon
Roland-Holst, David W..
Global climate change poses significant risks to the California economy. Recognizing and responding to these threats, Governor Schwarzenegger signed Executive Order #S-3-05 (Schwarzenegger 2005) which called for a 30 percent reduction below business-as-usual of greenhouse gas emissions by 2020 and 80 percent below 1990 levels by 2050. In September 2006, the California legislature passed and Governor Schwarzenegger signed into law the historic Global Warming Solutions Act (AB 32), which mandates a first-in-the-nation limit on emissions that cause global warming. In June 2006, the California Air Resources Board (CARB) released a “Draft Scoping Plan” – the policy roadmap to meet the emissions reduction target of 169 Million Metric Tons of Carbon (MMTCO2)...
Tipo: Working or Discussion Paper Palavras-chave: Energy; Sustainability; Climate change; Economic policy; Energy policy; Environmental Economics and Policy; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/46718
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How Market Efficiency and the Theory of Storage Link Corn and Ethanol Markets AgEcon
Mallory, Mindy L.; Hayes, Dermot J.; Irwin, Scott H..
In this article we use the theories of market efficiency and supply of storage to develop a conceptual link between the corn and ethanol markets and explore statistical evidence for the link. We propose that a long-run no-profit condition is established in distant futures markets for ethanol, corn, and natural gas and then use the theory of storage to define an inter-temporal equilibrium among these prices. The relationship shows that under certain conditions, future price expectations will influence current spot prices and that a short-term relationship between input and output prices will exist. This short-term relationship will contain fixed costs. We demonstrate validity of the theory using a structural price model and then by means of time-series...
Tipo: Working or Discussion Paper Palavras-chave: Arbitrage; Cointegration; Corn; Energy; Ethanol; Futures; Price-analysis; Storage.; Crop Production/Industries; Demand and Price Analysis; Marketing; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/97611
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Reducing the environmental footprint of pig finishing barns AgEcon
Jacobson, Larry D.; Schmidt, David R.; Lazarus, William F.; Koehler, Robert.
Written for presentation at the 2011 ASABE Annual International Meeting Sponsored by ASABE Gault House, Louisville, Kentucky August 7 – 10, 2011
Tipo: Presentation Palavras-chave: Swine Housing; Energy; Emissions; Environmental Footprint; Economic Viability; Farm Management; Livestock Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/122609
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