We critically review the Environmental Protection Agency's (EPA) assessment of the costs and benefits of the Renewable Fuel Standard (RFS2) as summarized in its regulatory impact analysis (RIA). We focus particularly on EPA's methods used to calculate the costs of the policy on the US fuel...

Ethanol has attracted considerable policy attention both for its use as a gasoline substitute, and as a way to enhance profits in rural areas. In this paper, we analyze the effects of government policy on the decisions of ethanol-producing firms to invest in building new ethanol plants in the...