EconPapers    
Economics at your fingertips  
 

A dynamic model of food and clean energy

Ujjayant Chakravorty (), Bertrand Magné and Michel Moreaux

Journal of Economic Dynamics and Control, 2008, vol. 32, issue 4, 1181-1203

Abstract: In the midwestern United States, ethanol produced from corn is mixed with gasoline to meet clean air standards. Allocating land to produce clean fuel means taking away land from farming. We examine the use of a scarce fossil fuel that causes pollution but may be substituted by a clean fuel produced from land. When land is scarce, it is gradually shifted away from farming to energy production. However, when land is abundant, there may be a jump in the supply of clean energy. When the stock of pollution is regulated, the supply of clean energy may exhibit multiple discontinuities.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165-1889(07)00122-4
Full text for ScienceDirect subscribers only

Related works:
Working Paper: A Dynamic Model of Food and Clean Energy (2006) Downloads
Working Paper: A dynamic model of food and clean energy (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:32:y:2008:i:4:p:1181-1203

Access Statistics for this article

Journal of Economic Dynamics and Control is currently edited by J. Bullard, C. Chiarella, H. Dawid, C. H. Hommes, P. Klein and C. Otrok

More articles in Journal of Economic Dynamics and Control from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2021-01-14
Handle: RePEc:eee:dyncon:v:32:y:2008:i:4:p:1181-1203