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developing a successful substitute for gasoline merits attention. Brazil is the only sizable economy to date to have developed a … consumers, across ethanol and gasoline at the pump. We show that the model stands up well to the empirical covariation in prices … the retail price of ethanol to that of gasoline. Of relevance to the current food-versus-fuel" debate, the outward shift …
Persistent link: https://www.econbiz.de/10010270319
This paper employs a pair-wise approach to examine regional integration in the US gasoline market. Using gasoline price …
Persistent link: https://www.econbiz.de/10010500230
The paper presents univariate and panel unit root tests for gasoline and oil price convergence over the last decade. We …
Persistent link: https://www.econbiz.de/10010297097
The paper presents univariate and panel unit root tests for gasoline and oil price convergence over the last decade. We …
Persistent link: https://www.econbiz.de/10010285905
The main objective of this paper is to identify fuel substitution potential by estimating potential price induced energy substitution and by considering available technological options. We consider the impacts of CO2 taxation on reduction of emissions until 2020, assuming CO2 neutrality of...
Persistent link: https://www.econbiz.de/10010293993
During the last years, the renewable energy strategy of the European Union (EU) and the proposed policies and regulations, namely the Renewable Energy Directive (RED), have been heavily discussed among scientific circles and various interest groups. The sustainability of different biofuels and...
Persistent link: https://www.econbiz.de/10010291798
The promotion of oil producing plants for production of biofuel has come to the fore most recently as a result of the concept of it being used to try and uplift livelihoods among rural communities. There are many arguments in favour and against biofuels. However, a current debate focuses on the...
Persistent link: https://www.econbiz.de/10011918474
This study develops a theoretical general equilibrium model to examine optimal externality tax policy in the presence of externalities linked to one another through markets rather than technical production relationships. Analytical results reveal that the second-best externality tax rate may be...
Persistent link: https://www.econbiz.de/10010274742
Recent contributions have questioned whether biofuels policies actually lead to emissions reductions, and thus lower climate costs. In this paper we make two contributions to the literature. First, we study the market effects of a renewable fuel standard. Opposed to most previous studies we...
Persistent link: https://www.econbiz.de/10010291541
This paper explores the ability of European refineries to pass-through costs associated with the introduction of the EU Emissions Trading Scheme (EU ETS). We estimated a sequence of vector error correction models (VECM) within a multi-national setting which covers 14 EU member states. Using...
Persistent link: https://www.econbiz.de/10010302994