Title

A Dynamic Model Of Food And Clean Energy

Keywords

Agriculture; Environmental regulation; Hotelling theory; Land use; Pollution

Abstract

In the midwestern United States, ethanol produced from corn is mixed with gasoline to meet clean air standards. Allocating land to produce clean fuel means taking away land from farming. We examine the use of a scarce fossil fuel that causes pollution but may be substituted by a clean fuel produced from land. When land is scarce, it is gradually shifted away from farming to energy production. However, when land is abundant, there may be a jump in the supply of clean energy. When the stock of pollution is regulated, the supply of clean energy may exhibit multiple discontinuities. © 2007 Elsevier B.V. All rights reserved.

Publication Date

4-1-2008

Publication Title

Journal of Economic Dynamics and Control

Volume

32

Issue

4

Number of Pages

1181-1203

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/j.jedc.2007.04.009

Socpus ID

40649089436 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/40649089436

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