Willingness to pay for E85 from corn, switchgrass, and wood residues
AbstractWillingness to pay (WTP) for E85 (automotive fuel blend of 85% ethanol and 15% gasoline) was estimated from a contingent choice exercise contained in a national survey of consumers. The choice exercise included E85 blends from three different feedstock sources (corn grain, switchgrass, and wood wastes) and an E10 blend (10% ethanol and 90% gasoline) with corn grain as the ethanol feedstock. Results from the study indicate willingness to pay a premium for E85 from switchgrass compared with E10 from corn. Concerns about land use for "food versus fuel" had a negative impact on WTP for E85 from corn grain, while greater concerns about fuel security relative to the environment had a positive impact.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Economics.
Volume (Year): 32 (2010)
Issue (Month): 6 (November)
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Web page: http://www.elsevier.com/locate/eneco
Ethanol Corn grain Switchgrass Wood wastes Contingent choice exercise Willingness to pay Random parameters logit;
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