The lack of growth in the Brazilian sugarcane-ethanol complex since the 2008 financial crisis has been blamed on policies: lower mandate, holding gasoline prices below world levels, high fuel taxes, and inadequate fuel tax exemptions for ethanol. This paper develops an empirical model of the...

The lack of growth in the Brazilian sugarcane-ethanol complex since the 2008 financial crisis has been blamed on policies: lower mandate, holding gasoline prices below world levels, high fuel taxes, and inadequate fuel tax exemptions for ethanol. This paper develops an empirical model of the...

The lack of growth in the Brazilian sugarcane-ethanol complex since the 2008 financial crisis has been blamed on policies: lower mandate, holding gasoline prices below world levels, high fuel taxes, and inadequate fuel tax exemptions for ethanol. This paper develops an empirical model of the...

We present designs for optimal contracts to solve the investment hold-up problem for perennial crops for the biofuel industry. A fixed-price contract is ex-ante efficient but renegotiation-proof for a limited range of discount parameters. A perfectly- indexed contract is both renegotiation-proof...

It is estimated that biofuel demand in South Africa will increase to 1,550 million litres by 2025 following the introduction of mandatory blending rates in 2014. Land and water constraints, however, limit domestic supply ability. Zambia, due to abundance of land, suitable climate, supportive...

It is estimated that biofuel demand in South Africa will increase to 1,550 million litres by 2025 following the introduction of mandatory blending rates in 2014. Land and water constraints, however, limit domestic supply ability. Zambia, due to abundance of land, suitable climate, supportive...