This paper develops a dynamic, regional analysis of the effects of US and European biofuel mandates on land use, forestry stocks, and carbon emissions. The results suggest that these mandates may cause an additional 23-26 million hectares of forestland losses globally, but additional carbon...

This paper introduces a spatial bioeconomic model for study of potential cellulosic biomass supply at regional scale. By modeling the profitability of alternative crop production practices, it captures the opportunity cost of replacing current crops by cellulosic biomass crops. The model draws...

While agricultural economics literature has become rife with the economics of ethanolproduction and cellulosic ethanol feedstock production, little has been written about capitalinvestment necessary for the magnitude of industry development mandated by the EnergySecurity and Independence Act of...

We study a farmer’s decision to convert traditional crop land into growing dedicated energy crops, taking in account sunk conversion costs, uncertainties in traditional and energy crop returns, and learning. The optimal decision rules differ significantly from the expected net present value...

While agricultural economics literature has become rife with the economics of ethanol production and cellulosic ethanol feedstock production, little has been written about capital investment necessary for the magnitude of industry development mandated by the Energy Security and Independence Act...

A comprehensive review of the U.S. federal biofuel-related policies, from 1955 to 2012, was conducted to examine the progression of life cycle thinking within the policies. Over 1300 past and present federal and state biofuel laws and incentives were analyzed to identify the establishment of...