A Welfare Analysis of the U.S. Ethanol Subsidy
Xiaodong Du (),
Dermot Hayes and
Mindy Baker
Authors registered in the RePEc Author Service: Mindy Lyn Mallory ()
Staff General Research Papers Archive from Iowa State University, Department of Economics
Abstract:
Based on an analytical model of multiple interconnected markets including corn, ethanol, gasoline, and transportation fuel, this study estimates the welfare changes for consumers and producers resulting from ethanol production and related support polices in 2007. The welfare estimation takes into account the fact that the ethanol program was implemented in a market that had already been distorted by other programs. The results suggest a total social cost of about $0.89 billion for given market parameters. We validate the model's underlying assumption and test for the results' sensitivity to assumed parameters.
Date: 2010-05-24
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Published in Review of Agricultural Economics 2009, vol. 31 no. 4, pp. 669-676
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Related works:
Journal Article: A Welfare Analysis of the U.S. Ethanol Subsidy (2009) 
Journal Article: A Welfare Analysis of the U.S. Ethanol Subsidy (2009)
Working Paper: A Welfare Analysis of the U.S. Ethanol Subsidy (2009) 
Working Paper: Welfare Analysis of the U.S. Ethanol Subsidy, A (2008) 
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:31532
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