Social and Behavioral Sciences Commons^™

Analysis Of A Market For Tradable Credits, Policy Uncertainty Effects On Investment Decisions, And The Potential To Supply A Renewable Aviation Fuel Industry With An Experimental Industrial Oilseed, Evan Lawrence Markel

Doctoral Dissertations

This research is aligned with identifying barriers throughout the alternative jet-fuel supply chain. Prices are analyzed in the market for tradable credits known as renewable identification numbers (RINs). The RIN market is a key policy instrument used in the implementation of the renewable fuel standard (RFS). The program is highly complex and drivers of RIN price are not always clear. RIN prices also exhibit multiple regimes where the price of nested RINs converge. Therefore, a smooth transition autoregressive model is employed to examine drivers of RIN price and to identify drivers of price regime change. Through research in the RIN …