We develop a theoretical model to identify conditions under which price and income changes are most likely to change weight. Although it is intuitive that raising the price of high-calorie food will decrease consumption of such goods; it is not clear that such an outcome will actually reduce weight. Our empirical analysis demonstrates a case where a tax on… (More)
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Debate has raged about the consequences of US corn-based ethanol. Studies sought to identify how much it affected world commodity markets Thompson, 2009). The popular press speculated on the potential for growing US ethanol production to drive up world prices, with unintended consequences for world food supplies. An unintended consequence of such an effect… (More)
Copyright 2013 by Nicole Condon, Heather Klemick, and Ann Wolverton. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. The views expressed in this paper are those of the authors and do not necessarily reflect the views or policies… (More)
Keywords: H2CAR process Hybrid hydrogen–carbon process Biofuels Hydrogen Biomass Transportation fuels Thermochemical Biological processes a b s t r a c t For a successful large scale implementation of biomass-to-liquid fuel for transportation, it is imperative that production of liquid fuel from biomass be maximized. For this purpose, synergistic processes… (More)
a r t i c l e i n f o This article provides an overview of modern contract theory and discusses the implications of the theory for contracting for perennial dedicated energy crops. We discuss some of the unique challenges of contracting for dedicated energy crops used for the production of advanced biofuels and survey some of the relevant concepts and… (More)
AGEC 608 is an applied course in economic analysis of investment projects with emphasis on agricultural projects in developing countries. However, the methods we will learn are applicable to projects in industry, education, health, energy, and other sectors. The methods, appropriately modified, can also be used for project analysis in developed economies.… (More)
We evaluate how different contract designs impact risk sharing along the supply chain for the dedicated energy crop miscanthus. We model the full production and transportation system of the miscanthus supply chain because a sustainable supply chain must procure biomass in a cost-effective manner. Using this model, we estimate the financial returns and risks… (More)