Miao, Ruiqing; Babcock, Bruce A.; Hennessy, David A. - Agricultural and Applied Economics Association - AAEA - 2010
Renewable Fuel Standard (RFS) aims to support investment in cellulosic biofuel refineries by mandating a floor on the … conceptual model to study the impact of RINs on stimulating investment in cellulosic biofuel refineries under a waivable mandate …. In a two-period framework, we compare the first-period investment level in three scenarios: (1) laissez-faire, (2) non …