The present study formalizes and quantifies the importance of uncertainty for investment in a corn-stover based cellulosic biofuel plant. Using a real options model we recover prices of gasoline that would trigger entry into the market and calculate the portion of that entry trigger price...

As environmental deterioration and global warming arouses more and more attention, identifying cleaner and more environmentally friendly energy sources is of interest to society. In addition to environmental concerns, both the high price of gasoline and the fact that the United States has heavy...

The purpose of this paper is to provide insight into the strengths and weaknesses of theBiomass Crop Assistance Program (BCAP) as it was implemented according to Sect.9011 of the 2008 Farm Bill and to provide insight into the challenges of increasing theproduction of second-generation bioenergy...