de Gorter, Harry; Just, David R. - Volkswirtschaftliche Fakultät, … - 2007
credit and the interaction effects with a price contingent farm subsidy. Using the U.S. ethanol market as a stylized example …, ethanol prices rise above the gasoline price by the amount of the tax credit. Corn farmers therefore gain directly while … gasoline consumers only gain from any reduction in world oil prices due to the extra ethanol production and domestic oil …