Biofuels, Policy Options, and Their Implications: Analyses Using Partial and General Equilibrium Approaches

Farzad Taheripour () and Wallace Tyner
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Farzad Taheripour: Purdue University

Chapter Chapter 21 in Handbook of Bioenergy Economics and Policy, 2010, pp 365-383 from Springer

Abstract: Abstract In this chapter, we highlight some important aspects of biofuels development and policies from partial and general equilibrium perspectives. We first examine US biofuel policy backgrounds to determine factors which caused the boom in the ethanol industry in recent years. Then, we use a partial equilibrium model to investigate the economic consequences of further expansion in the ethanol industry for the key economic variables of the US agricultural and energy markets. This analysis is done for a range of alternative policy options and crude oil prices. Finally, we extend our analyses to examine consequences of further biofuel production at a global scale.

Keywords: Methyl Tertiary Butyl Ether; Mandate Policy; Ethanol Industry; Global Trade Analysis Project; Biofuel Policy (search for similar items in EconPapers)
Date: 2010
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Journal Article: Biofuels, Policy Options, and Their Implications: Analyses Using Partial and General Equilibrium Approaches (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-1-4419-0369-3_21

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DOI: 10.1007/978-1-4419-0369-3_21

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