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Ethanol use in the U.S. rose sharply in recent years due to public policy and a spike in petroleum prices, and remains high. Public support for ethanol includes mandated minimum levels of use nationwide. However, rather little is known about consumer demand for ethanol and much less about demand...
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Renewable Identification Numbers (RINs) were developed to act as tracking mechanisms that ensure compliance with the U.S. biofuel use mandates legislated in 2005 and increased and adjusted to include sub-mandates in 2007. Reviewing the rules for RIN production and use, we conclude that RIN...
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Group expenditure has often been treated as exogenous when estimating demand parameters for a group of commodities with an almost ideal demand system. Researchers draw demand elasticities from past literature to use in their own analysis, but elasticities contingent on exogenous group...
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