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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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Towards the Optimal Management of the Northeast Arctic Cod Fishery AgEcon
Richter, Andries; Eikeset, Anne Maria; Stenseth, Nils Chr.; van Soest, Daan P..
The objectives pursued by governments managing fisheries may include maximizing profits, minimizing the impact on the marine ecosystem, or securing employment, which all require adjusting the composition of the fishing fleet. We develop a management plan that can be adapted to those objectives and allows the regulator to compare the long-run profits between the various management options. We apply the model to the case of Northeast Arctic cod, and estimate the cost and harvesting functions of various vessel types, the demand function, and a biological model to provide key insights regarding the optimal management of this valuable fish species.
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy; Northeast Arctic Cod; Norway; Production Functions; Harvest Control Rule; Fleet Structure; Multiple Objectives.
Ano: 2011 URL: http://purl.umn.edu/108249
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