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Investment in Cellulosic Biofuel Refineries: Do Waivable Biofuel Mandates Matter?

Ruiqing Miao, David A. Hennessy and Bruce A. Babcock.

in American Journal of Agricultural Economics

April 2012; p ublished online February 2012 .

Journal Article. Subjects: Regulation and Industrial Policy; Production and Organizations; Energy Economics. 8574 words.

We develop a conceptual model to study the impact of mandate policies on stimulating investment in cellulosic biofuel refineries. In a two-period framework, we compare the first-period...

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