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Technology adoption under US biofuel policies: do producers, consumers or taxpayers benefit?

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  • Seth Meyer
  • Julian Binfield
  • Patrick Westhoff

Abstract

The beneficiaries of technology adoption in agriculture and biofuel markets in the United States are heavily influenced by biofuel policies and market context. Biofuel mandates, one of the key pillars of domestic biofuel policies, may significantly alter the elasticity of demand for biofuels as well as the derived demand for maize used to produce a significant share of ethanol in the United States. Using a stochastic agriculture and biofuel model, it is determined that market context relative to biofuel policy is critically important in understanding the winners and losers from technology adoption. The results for both feedstock and biofuel producers as well as the US tax payers are used to discuss implications for the analysis of EU biofuel policies. , Oxford University Press.

Suggested Citation

  • Seth Meyer & Julian Binfield & Patrick Westhoff, 2012. "Technology adoption under US biofuel policies: do producers, consumers or taxpayers benefit?," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 39(1), pages 115-136, February.
    • Handle: RePEc:oup:erevae:v:39:y:2012:i:1:p:115-136
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    File URL: http://hdl.handle.net/10.1093/erae/jbr045
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    Cited by:

    1. Chao Bi & Jingjing Zeng & Wanli Zhang & Yonglin Wen, 2020. "Modelling the Coevolution of the Fuel Ethanol Industry, Technology System, and Market System in China: A History-Friendly Model," Energies, MDPI, vol. 13(5), pages 1-26, February.
    2. Juan P. Sesmero & Richard K. Perrin & Lilyan E. Fulginiti, 2016. "A Variable Cost Function for Corn Ethanol Plants in the Midwest," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 64(3), pages 565-587, September.

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