Current research evaluating biofuels policies focuses primarily on market-economic criteria. While it is widely acknowledged that both the economic and environmental, and social aspects of biofuels policy must all be balanced with each other in the process of developing a viable biofuels policy,...

We studied transboundary ground water management problems in the presence of hydraulic fracturing (fracking). We found that the presence of risk suggests a need to exercise caution in fracking. We also found that a cooperative outcome implies the decrease in fracking and the increase in steady...

Our paper looks at how price volatility in the Brazilian ethanol industry changes over time and across markets by using a new methodological approach suggested by Seo (2007). The main advantage of Seo’s proposal over previously existing methods is that it allows to jointly estimate the...

We develop a model of regulation of environmental risks in a heterogeneousindustry when policy makers are sensitive to uncertainties about the processes generating the risks. Optimal source reduction capacity is shown to vary according to site suitability. Optimal source reduction capacity and...