Willingness to supply biomass for bioenergy production: A random parameter truncated analysis
Jason Bergtold (),
Dwight Sanders and
Energy Economics, 2015, vol. 47, issue C, 1-10
This paper presents research results based on data from two biomass producer surveys collected from mid Missouri and southern Illinois. A series of random parameter truncated regressions are utilized to analyze willingness to supply results under three price scenarios. Marginal effects suggest that producers will supply an additional 1.6 to 2.4% of their biomass production for each one dollar increase in price and that supply for three types of biomass (stover, straw and hay) is elastic. This means commercial developers that are interested in pricing biomass and policy makers considering subsidies could expect modest supply responses for each dollar increase in price.
Keywords: Biomass; Willingness to supply; Bioenergy; Price (search for similar items in EconPapers)
JEL-codes: D2 D4 L7 Q1 Q2 Q4 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:47:y:2015:i:c:p:1-10
Access Statistics for this article
Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant
More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().