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We characterize the impact of biofuel industry development on farmland use competition, referred to as the food-energy-environment trilemma: to grow food or energy crops, or to reserve the land for environmental conservation. We develop an analytical game-theoretic model to analyze the role and...
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The rapid expansion of the biofuel industry diverts a large amount of agricultural crops as energy feedstocks, and in turn affects farm land allocation, feedstock market equilibrium, and agricultural economic development in local areas. In this paper, we propose game-theoretic models that...
Persistent link: https://www.econbiz.de/10011039678
The Renewable Identification Number (RIN) system is a tracking mechanism that enforces the U.S. Renewable Fuel Standard by monitoring obligated parties’ compliance with the biofuel consumption mandates. This paper incorporates the RIN system into the design of a biofuel supply chain that...
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