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A Spatial Equilibrium Model of the Impact of Bio-Fuels Energy Policy on Grain Transportation Flows

Author

Listed:
  • Ahmedov, Zafarbek
  • Power, Gabriel J.
  • Vedenov, Dmitry V.
  • Fuller, Stephen W.
  • McCarl, Bruce A.
  • Vadali, Sharada

Abstract

Traffic flows in the U.S. have been affected by the substantial increase and, as of January 2009, decrease in biofuel production and use. This paper considers a framework to study the effect on grain transportation flows of the 2005 Energy Act and subsequent legislation, which mandated higher production levels of biofuels, e.g. ethanol and biodiesels. Future research will incorporate changes due to the recent economic slowdown.

Suggested Citation

  • Ahmedov, Zafarbek & Power, Gabriel J. & Vedenov, Dmitry V. & Fuller, Stephen W. & McCarl, Bruce A. & Vadali, Sharada, 2009. "A Spatial Equilibrium Model of the Impact of Bio-Fuels Energy Policy on Grain Transportation Flows," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49837, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea09:49837
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    File URL: http://purl.umn.edu/49837
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    Keywords

    ethanol; biodiesel; spatial equilibrium; quadratic programming; Agricultural and Food Policy; Crop Production/Industries; Resource /Energy Economics and Policy;

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