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http://cide.repositorioinstitucional.mx/jspui/handle/1011/838| Impact of U.S. biofuel policy in the presence of drastic climate conditions | |
| Hector M. Nunez Andres Trujillo_Barrera | |
| Acceso Abierto | |
| Atribución-NoComercial-SinDerivadas | |
| Biomass energy -- Economic aspects -- United States -- Econometric models. Biomass energy -- Environmental aspects -- United States -- Econometric models. Renewable energy sources -- United States -- Econometric models. | |
| We analyze the impact of total and partial waivers of the U.S. Renewable Fuel Standard (RFS) under uncertain changes in climate conditions that affects crop yields distributions. The main model results show that reducing RFS would make world agricultural consumers better off, and increase U.S. corn share in the world market, while slightly decrease agricultural commodity prices, but the higher the RFS reduction the higher the uncertainty on the price changes. On the other hand, price changes would make ethanol and agricultural producers face losses as well as increase gasoline consumption and, therefore, bringing larger environmental damages. Overall RFS reduction generates negative changes in total economic surplus, specifically, RFS reductions up to 40 percent generate significant changes in the socio-economic variables, however any reductions beyond 40 percent do not appear to bring further changes, although welfare results appear more uncertain under an increased reduction. | |
| Centro de Investigación y Docencia Económicas A. C. | |
| 2014 | |
| Documento de trabajo | |
| Inglés | |
| Estudiantes Investigadores | |
| CIENCIAS SOCIALES | |
| Versión publicada | |
| publishedVersion - Versión publicada | |
| Aparece en las colecciones: | División de Economía, Documentos de Trabajo |
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| 000153366_documento.pdf | 536.34 kB | Adobe PDF | Visualizar/Abrir |