How Do Biofuel Use Mandates Cause Uncertainty? United States Environmental Protection Agency Cellulosic Waiver Options
Seth Meyer and
Applied Economic Perspectives and Policy, 2012, vol. 34, issue 4, 570-586
Biofuel policy in the United States sets minimum use mandates for different biofuels, but the cellulosic mandate, introduced in 2010 has been waived and reduced to nearly zero since then. This waiver has shifted the burden of compliance to other biofuels, but other options exist. We examine some alternatives using a structural model of biofuel, agricultural, and mandate markets. Our estimates show that crop price levels, crop and livestock farm income, compliance costs, and greenhouse gas emissions are all sensitive to whether and how the cellulosic mandate is waived. Mandate analysis that does not consider Environmental Protection Agency implementation, or waiver analysis that disregards the hierarchical nature of the mandates could be misleading. Copyright 2012, Oxford University Press.
References: Add references at CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
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:oup:apecpp:v:34:y:2012:i:4:p:570-586
Ordering information: This journal article can be ordered from
Access Statistics for this article
Applied Economic Perspectives and Policy is currently edited by Timothy Park, Tomislav Vukina and Ian Sheldon
More articles in Applied Economic Perspectives and Policy from Agricultural and Applied Economics Association Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Series data maintained by Oxford University Press ().