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A dynamic model of food and clean energy

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  • Chakravorty, Ujjayant
  • Magné, Bertrand
  • Moreaux, Michel

Abstract

In the midwestern United States, ethanol produced from corn is mixed with gasoline to meet clean air standards. Allocating land to produce clean fuel means taking away land from farming. We examine the use of a scarce fossil fuel that causes pollution but may be substituted by a clean fuel produced from land. When land is scarce, it is gradually shifted away from farming to energy production. However, when land is abundant, there may be a jump in the supply of clean energy. When the stock of pollution is regulated, the supply of clean energy may exhibit multiple discontinuities.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 32 (2008)
Issue (Month): 4 (April)
Pages: 1181-1203

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Handle: RePEc:eee:dyncon:v:32:y:2008:i:4:p:1181-1203

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References

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  1. Farzin, Y H & Tahvonen, O, 1996. "Global Carbon Cycle and the Optimal Time Path of a Carbon Tax," Oxford Economic Papers, Oxford University Press, vol. 48(4), pages 515-36, October.
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  4. Sjak Smulders & Edwin van der Werf, 2008. "Climate policy and the optimal extraction of high- and low-carbon fossil fuels," Canadian Journal of Economics, Canadian Economics Association, vol. 41(4), pages 1421-1444, November.
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  6. Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
  7. Forster, Bruce A., 1980. "Optimal energy use in a polluted environment," Journal of Environmental Economics and Management, Elsevier, vol. 7(4), pages 321-333, December.
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  9. Hoel, Michael & Kverndokk, Snorre, 1996. "Depletion of fossil fuels and the impacts of global warming," Resource and Energy Economics, Elsevier, vol. 18(2), pages 115-136, June.
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Cited by:
  1. Mads Greaker & Michael Hoel & Knut Einar Rosendahl, 2012. "Does a Renewable Fuel Standard for Biofuels Reduce Climate Costs?," CESifo Working Paper Series 4030, CESifo Group Munich.
  2. Saraly Andrade de Sa & Charles Palmer & Stefanie Engel, 2010. "Ethanol production, food and forests," LSE Research Online Documents on Economics 27950, London School of Economics and Political Science, LSE Library.
  3. Chakravorty, Ujjayant & Hubert, Marie-Helene & Nostbakken, Linda, 2009. "Fuel versus Food," Working Papers 2009-20, University of Alberta, Department of Economics.
  4. Saraly Andrade de Sa & Julien Daubanes, 2014. "Limit-Pricing and the Un(Effectiveness) of the Carbon Tax," OxCarre Working Papers, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford 136, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  5. Aerwadee Premashthira & Kenneth S. Lyon, 2012. "A Dynamic General Equilibrium Model of Food and Energy Crop," Applied Economics Journal, Kasetsart University, Faculty of Economics, Center for Applied Economic Research, Kasetsart University, Faculty of Economics, Center for Applied Economic Research, vol. 19(2), pages 18-36, December.
  6. Saraly Andrade de Sa & Julien Daubanes, 2014. "Limit-Pricing and the (Un)Effectiveness of the Carbon Tax," Working Papers 2014.07, FAERE - French Association of Environmental and Resource Economists, revised Jun 2014.
  7. BAHEL, Eric & MARROUCH, Walid & GAUDET, Gérard, 2011. "The Economics of Oil, Biofuel and Food Commodities," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ 02-2011, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  8. Chakravorty, Ujjayant & Hubert, Marie-Hélène & Moreaux, Michel, 2009. "Politiques pro-biocarburants et climatique américaines : impact sur les choix énergétiques du Brésil et des Etats-Unis et bilan carbone," TSE Working Papers 09-105, Toulouse School of Economics (TSE).
  9. Michael Hoel & Thea Marcelia Sletten, 2014. "Wood-Based Bioenergy," CESifo Working Paper Series 4686, CESifo Group Munich.
  10. Francisco Peñaranda & Augusto Rupérez-Micola, 2009. "On the drivers of commodity co-movement: Evidence from biofuels," Economics Working Papers 1174, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2011.
  11. Chen, Xiaoguang & Huang, Haixiao & Khanna, Madhu & Önal, Hayri, 2014. "Alternative transportation fuel standards: Welfare effects and climate benefits," Journal of Environmental Economics and Management, Elsevier, vol. 67(3), pages 241-257.

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