This paper evaluates the welfare and greenhouse-gas effects of the Renewable Fuel Standard (RFS) in the presence of biofuel subsidies. In our numerical model, demand for gasoline and ethanol stems from consumer demand for driving miles, but all fuels have congestion and environmental external...

Biofuel production is being promoted through various policies such as mandates and tax credits. This paper uses a dynamic, spatial, multi-market equilibrium model, Biofuel and Environmental Policy Analysis Model (BEPAM), to estimate the effects of these policies on cropland allocation, food and...

Biofuels have gained increasing attention as an alternative to fossil fuels for several reasons, one of which is their potential to reduce the greenhouse gas (GHG) emissions from the transportation sector. Recent studies have questioned the validity of claims about the potential for biofuels to...

Biofuel production is being promoted through various policies such as mandates and tax credits. This paper uses a dynamic, spatially explicit, multi-market equilibrium model, Biofuel and Environmental Policy Analysis Model (BEPAM), to estimate the effects of these policies on allocation of land...

We develop a framework to examine the extent to which farmers' risk and time preferences, availability of credit to cover establishment cost, and crop insurance for conventional crops may influence farmers' decision to allocate land to a perennial energy crop and affect the costs of meeting a...