A general equilibrium approach is used to evaluate the welfare impacts of alternative policies for reducing agricultural pollution in an open economy with preexisting distortions caused by income taxes and agricultural subsidies. The policies examined here include the removal of distortionary...

This paper evaluates the welfare and greenhouse-gas effects of the Renewable Fuel Standard (RFS) in the presence of biofuel subsidies. In our numerical model, demand for gasoline and ethanol stems from consumer demand for driving miles, but all fuels have congestion and environmental external...

This paper develops a conceptual framework and a numerical simulation model of the fuel and agricultural sectors in the US to analyze the effects of the existing Renewable Fuels Standard (RFS) that mandates the blending of specific volumes of low carbon biofuels with liquid fossil fuels and a...

Concerns about energy security, uncertainty about oil prices, declining oil reserves, and global climate change are fueling a shift towards bioenergy as a renewable alternative to fossil fuels. Public policies and private investments around the globe are aiming to increase local capacity to...

Bioenergy Economics and Policy: Introduction and Overview -- Are Biofuels the Best Use of Sunlight? -- Perennial Grasses as Second-Generation Sustainable Feedstocks Without Conflict with Food Production -- Present and Future Possibilities for the Deconstruction and Utilization of Lignocellulosic...

We develop a stylized model of fuel markets in an open economy and derive the optimal mix of trade and environmental policy instruments for biofuels and gasoline that maximizes social surplus and internalizes externalities from miles and greenhouse gas (GHG) emissions. We use this optimal...