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Biofuel Economics in a Setting of Multiple Objectives & Unintended Consequences AgEcon
Jaeger, William K.; Egelkraut, Thorsten M..
This paper examines biofuels from an economic perspective and evaluates the merits of promoting biofuel production in the context of the policies’ multiple objectives, life-cycle implications, pecuniary externalities, and other unintended consequences. The policy goals most often cited are to reduce fossil fuel use and to lower greenhouse gas emissions. But the presence of multiple objectives and various indirect effects complicates normative evaluation. To address some of these complicating factors, we look at several combinations of policy alternatives that achieve the same set of incremental gains along the two primary targeted policy dimensions, making it possible to compare the costs and cost-effectiveness of each combination of policies. For example,...
Tipo: Working or Discussion Paper Palavras-chave: Biofuel; Biodiesel; Cost-Effectiveness; Indirect Land Use Change Effects; Net Energy; Multiple Objectives; Ethanol; Ghg; Resource /Energy Economics and Policy; Q42; Q48; Q54.
Ano: 2011 URL: http://purl.umn.edu/108203
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The Environmental Kuznets Curve from Multiple Perspectives AgEcon
Jaeger, William K.; Kolpin, Van.
The analysis finds that in addition to U-shaped paths of environmental quality arising for growth in income per capita, growth in population can also produce socially efficient patterns that are U-shaped. Sufficient conditions for both types of paths are identified for a range of models and parameters, including symmetrical models with homothetic, constant-returns functions such as with CES functions. Similar results are also shown to arise in decentralized economies under either homogeneous or heterogeneous income levels.
Tipo: Working or Discussion Paper Palavras-chave: Environmental Kuznets Curve; Economic Growth; Environmental Quality; Q2; D61; O13.
Ano: 2008 URL: http://purl.umn.edu/36760
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The Welfare Effects of Environmental Taxation AgEcon
Jaeger, William K..
Recent literature has investigated whether the welfare gains from environmental taxation are larger or smaller in a second-best setting than in a first-best setting. This question has mainly been addressed indirectly, by asking whether the second-best optimal environmental tax is higher or lower than the first-best Pigouvian rate. Even this indirect question, though, has itself been approached indirectly, comparing the second-best optimal environmental tax to a proxy for its first-best value, an expression for marginal social damage (MSD). On closer examination, however, MSD becomes ambiguously defined and variable in a second-best setting, making it an unreliable proxy for the first-best Pigouvian rate. With these concerns in mind, the current analysis...
Tipo: Working or Discussion Paper Palavras-chave: Optimal Environmental Tax; Second-best; Double Dividend; Tax Interaction Effect; Revenue Recycling; Tax Base Effect; Pigouvian Rate; Excess Burden; Environmental Economics and Policy; H21; Q5.
Ano: 2009 URL: http://purl.umn.edu/50358
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Conflicts over Water in the Upper Klamath Basin and the Potential Role for Market-Based Allocations AgEcon
Jaeger, William K..
The curtailment of irrigation on the Klamath Reclamation Project in 2001 is estimated to have cost farmers more than $35 million. This study examines how alternative water allocations among irrigators in the Upper Klamath Basin could have lowered those costs. Per acre marginal water values vary by a factor of 20 due primarily to variations in soil productivity, with the highest productivity lands concentrated in the federal Project. A linear programming model estimates costs for alternative allocations. Findings indicate that compared to the 2001 allocation, costs could be reduced by 75% with a market-based approach.
Tipo: Journal Article Palavras-chave: Endangered species; Instream flow; Irrigation; Klamath Basin; Linear programming model; Voluntary water transfer; Water market; Water supply reduction; Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/31103
Registros recuperados: 4
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