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Switching to Perennial Energy Crops under Uncertainty and Costly Reversibility

Song, Feng; Zhao, Jinhua; Swinton, Scott M. - Department of Agricultural, Food and Resource … - 2009

We study a farmer’s decision to convert traditional crop land into growing dedicated energy crops, taking in account sunk conversion costs, uncertainties in traditional and energy crop returns, and learning. The optimal decision rules differ significantly from the expected net present value...

Persistent link: https://www.econbiz.de/10008474544

Biomass Supply from Alternative Cellulosic Crops and Crop Residues: A Preliminary Spatial Bioeconomic Modeling Approach

Egbendewe-Mondzozo, Aklesso; Swinton, Scott M.; … - Department of Agricultural, Food and Resource … - 2010

This paper introduces a spatial bioeconomic model for study of potential cellulosic biomass supply at regional scale. By modeling the profitability of alternative crop production practices, it captures the opportunity cost of replacing current crops by cellulosic biomass crops. The model draws...

Persistent link: https://www.econbiz.de/10008794476

Advanced Biofuel Production in Louisiana Sugar Mills: an Application of Real Options Analysis

Darby, Paul M.; Mark, Tyler B.; Detre, Joshua D.; … - Agricultural and Applied Economics Association - AAEA - 2011

In order to more fully study the risks and uncertainty involved in cellulosic ethanol production, we examine a simulated plant in South Louisiana using Real Options Analysis

Persistent link: https://www.econbiz.de/10009020915

UNCERTAINTY, IRREVERSIBILITY, AND INVESTMENT IN SECOND-GENERATION BIOFUELS

McCarty, Tanner; Sesmero, Juan - Agricultural and Applied Economics Association - AAEA - 2014

cellulosic biofuel plant. Using a real options model we recover prices of gasoline that would trigger entry into the market and … calculate the portion of that entry trigger price required to cover cost and the portion that corresponds to risk premium. We … then discuss the effect of managerial flexibility on the entry risk premium and the prices of gasoline that would trigger …

Persistent link: https://www.econbiz.de/10011068943

Conditions Necessary for Private Investment in the Ethanol Industry

Kenkel, Philip L.; Holcomb, Rodney B. - 2009

While agricultural economics literature has become rife with the economics of ethanolproduction and cellulosic ethanol feedstock production, little has been written about capitalinvestment necessary for the magnitude of industry development mandated by the EnergySecurity and Independence Act of...

Persistent link: https://www.econbiz.de/10009446399

Conditions Necessary for Private Investment in the Ethanol Industry

Kenkel, Philip L.; Holcomb, Rodney B. - In: Journal of Agricultural and Applied Economics 41 (2009) 02

While agricultural economics literature has become rife with the economics of ethanol production and cellulosic ethanol feedstock production, little has been written about capital investment necessary for the magnitude of industry development mandated by the Energy Security and Independence Act...

Persistent link: https://www.econbiz.de/10005103119

IMPACT OF US AND EUROPEAN BIOFUEL POLICIES ON FOREST CARBON

Kim, Yoon Hyung; Sohngen, Brent; Golub, Alla A.; … - Agricultural and Applied Economics Association - AAEA - 2010

This paper develops a dynamic, regional analysis of the effects of US and European biofuel mandates on land use, forestry stocks, and carbon emissions. The results suggest that these mandates may cause an additional 23-26 million hectares of forestland losses globally, but additional carbon...

Persistent link: https://www.econbiz.de/10009020551

Are Latin American and Caribbean Biofuel Policies Consistent with their Comparative Advantages?

Perez-Pena, Rafael; Acharya, Ram N. - Southern Agricultural Economics Association - SAEA - 2015

The objective of this article is to evaluate in what extend the comparative advantages of the biofuel feedstock of Latin American and Caribbean countries explain their biofuel policies. To achieve this goal, we analyze current biofuel policies of four major economies of the region – Argentina,...

Persistent link: https://www.econbiz.de/10011125443

Sunk costs and concentration in homogeneous product industries

Lieberman, Marvin B. - In: Strategy Science 7 (2022) 2, pp. 106-119

Persistent link: https://www.econbiz.de/10013352708

Generating Policy Information for Fisheries Management: A Comparison of Alternative Approaches

Sylvia, Gilbert; Cai, Deqin - 1995

The potential for economic policy modelling approaches under alternative theories of fisheries management are reviewed. Conceptual dynamic models are developed to illustrate the discussion. Results suggest that the class of multiobjective models known as multiattribute utility theory are...

Persistent link: https://www.econbiz.de/10009444671

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