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Full-Text Articles in Macroeconomics
Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas
Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas
Zea E-Books Collection
doi:10.13014/K2416V8V
This book presents a multi-market framework of market and policy analysis that explicitly accounts for the empirically relevant heterogeneity in consumer preferences and producer characteristics. The explicit consideration of consumer and producer heterogeneity represents a significant departure from the representative consumer and producer that have been at the center of most of the literature on market and policy analysis, and enables the distributional impacts of changes in market conditions and policies to be fully identified. The framework is used to analyze the system-wide market and welfare impacts of a number of changes in market conditions (like changes in consumer …
Economic Impacts Of Increased Corporate Average Fuel Economy (Cafe) Standards, Ann K. Hunter-Pirtle
Economic Impacts Of Increased Corporate Average Fuel Economy (Cafe) Standards, Ann K. Hunter-Pirtle
Department of Agricultural Economics: Dissertations, Theses, and Student Research
The Renewable Fuel Standard (RFS) mandates that U.S. transportation fuel producers blend specific volumes of ethanol and other biofuels with fossil fuels to spur U.S. biofuel production and to minimize foreign oil imports. Ethanol is more corrosive to auto engines than gasoline, and although vehicles manufactured since 2001 are approved to use up to a 15% ethanol blend (E15) (Naylor & Falcon, 2011), E10 is much more widely available. Ethanol producers therefore face a so-called blend wall at 10 percent—a maximum amount of ethanol that is usable domestically based on the demand for gasoline.
Meanwhile, gasoline demand in the U.S. …