Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Published in:
Max-Stability at Work (or Not): Estimating Return Levels for Daily Rainfall Data Read chapter Read first chapter

2015 | OriginalPaper | Chapter

The Economics of Ethanol: Use of Indirect Policy Instruments

Authors : Charles B. Moss, Andrew Schmitz, Troy G. Schmitz

Published in: Mathematics of Energy and Climate Change

Publisher: Springer International Publishing

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

General equilibrium models typically ignore environmental goods because it is assumed that they have zero price. In the United States the Renewable Fuel Standard was introduced to offset the carbon emissions from by burning ethanol. The model in this study extends the standard general equilibrium approach to consider both positive and negative externalities. The negative externality is due to gasoline consumption while the positive externality is from substitution of ethanol for gasoline.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
previous chapter An Overview of Network Bifurcations in the Functionalized Cahn-Hilliard Free Energy
next chapter Geostatistical Analysis in Extremes: An Overview
Footnotes
1
The definition of environmental goods tends to be rather all encompassing. For example, Wikipedia states that Environmental goods are a sub-category of public goods which includes—clean air, clean water, landscape, scenic towns, green transportation infrastructure (footpaths, cycleways, greenways, etc.), a diverse flora, a diverse fauna, public parks, town squares, urban parks, rivers, mountains, forests, and beaches.
 
2
Early studies such as Hill [2] suggested that ethanol could have significant benefits, later studies focus primarily on the potential for cellulosic ethanol.
 
Literature
1.
Debreu, G.: Theory of Value: An Axiomatic Analysis of Economic Equilibrium. Yale University Press, London (1959)MATH
2.
Hill, J., Nelson, E., Tilman, D., Polasky, S., Tiffany, D.: Environmental, economic, and energetic costs and benefits of biodiesel and ethanol biofuels. Proc. Natl. Acad. Sci. USA 103(30), 11206–11210 (2006)CrossRef
3.
4.
Moss, C.B., Schmitz, A.: Valuing carbon recycling through ethanol: zero prices for environmental goods. Theor. Econ. Lett. 4(3), 235–240 (2014)CrossRef
5.
Schmitz, A., Moss, C.B., Schmitz, T.G.: Ethanol: no free lunch. J. Agric. Food Ind. Organ. 5(2), 34 (2007)
6.
Schmitz, A., Kennedy, P.L., Hill-Gabriel J.: Restoring the Florida Everglades through a sugar land bayout: benefits, costs, and legal challenges. Environ. Econ. 3(1), 74–85 (2012)
7.
Shoven, J.B., Whalley, J.: Applying General Equilibrium. Cambridge University Press, Cambridge (1992)
8.
Metadata
Title
The Economics of Ethanol: Use of Indirect Policy Instruments
Authors
Charles B. Moss
Andrew Schmitz
Troy G. Schmitz
Copyright Year
2015
Book
Mathematics of Energy and Climate Change

Print ISBN: 978-3-319-16120-4

Electronic ISBN: 978-3-319-16121-1

Copyright Year: 2015

DOI
https://doi.org/10.1007/978-3-319-16121-1_9

Premium Partner

    Image Credits