emphasis on corn-based ethanol, on the U.S. economy. The modelspecification incorporates world and domestic markets, assumes … ethanol. The model is calibrated to represent a recent benchmark data set for 2009 andis used to simulate the positive and … normative effects of alternative policies. We find that asecond best policy of a fuel tax and ethanol subsidy approximates …

emphasis on corn-based ethanol, on the U.S. economy. The model specification incorporates world and domestic markets, assumes … and ethanol. The model is calibrated to represent a recent benchmark data set for 2009 and is used to simulate the … positive and normative effects of alternative policies. We find that a second best policy of a fuel tax and ethanol subsidy …

Significant government support for biofuels has led to rapid growth in U.S. ethanol production andresearch to develop …